The Pakistan Bureau of Statistics (PBS) reports a 3.82 percent increase in petroleum products production during July-February 2023-24, with indices rising to 92.74 from 89.33 in July-February 2022-23. However, there was a notable decrease of 16.85 percent in petroleum products production in February 2024 compared to February 2023, and an 18.99 percent decline compared to January 2023.
High-speed diesel saw an 8.01 percent growth, with output reaching 3.470 billion liters in July-February 2023-24 compared to 3.213 billion liters in July-February 2022-23. However, on a month-on-month (MoM) basis, high-speed diesel output experienced a 15.59 percent decline.
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Furnace oil production witnessed a 9.43 percent growth, totaling 1.705 billion liters in July-February 2023-24 compared to 1.558 billion liters in July-February 2022-23. On a MoM basis, furnace oil production showed a 17.07 percent negative growth, and on a year-on-year (YoY) basis, it registered a 20.63 percent decline. Jet fuel oil observed a negative growth of 11.36 percent, with production at 524.510 million liters in July-February 2023-24 compared to 591.745 million liters in July-February 2022-23.
Kerosene oil production saw a 1.55 percent negative growth in July-February 2023-24, amounting to 63.713 million liters compared to 64.719 million liters in July-February 2022-23. In terms of cement production, there was a 3.83 percent negative growth in July-February 2023-24, totaling 27.099 million tons compared to 28.177 million tons in July-February 2022-23, according to PBS data.
