News

Production of Petroleum Products Down 11% in 10 Months of FY23

•
5 min read
•
Legal Editorial Desk
Production of Petroleum Products Down 11% in 10 Months of FY23
The petroleum products production in Pakistan witnessed a decline of 11.24 percent during July-April 2022-23 as its indices went down to 88.47 from 99.6784 during July-April 2021-22, says Pakistan Bureau of Statistics (PBS). According to the official data high-speed diesel witnessed 14.76 percent negative growth as its output remained 3.943 billion litres in July-April 2022-23 compared to 4.626 billion liters in July-April 2021-22. Furnace oil witnessed 9.86 negative growth in output and remained 1.885 billion litres in July-April 2022-23 compared to 2.091 billion litres in July-April 2021-22. Jet fuel oil witnessed a growth of 14.14 percent and remained 752.216 million litres in July-April 2022-23 compared to 659.052 million litres in July-April 2021-22. Kerosene oil witnessed 18.44 percent negative growth in July-April 2022-23 and remained 85.826 million litres compared to 105.237 million litres. According to the PBS data, cement production witnessed 13.84 per cent negative growth in July-April 2022-23 and remained 34.380 million tons compared to 39.904 million tons in July-April 2021-22.
Share:

Editorial & Legal Practice Group

Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.

Advocates High Court & Tax Counsel Jurisdiction: Pakistan

Need Expert
Legal Counsel?

Free Session
Initial Consultation
100% Secure
Private & Confidential

Request a Callback

Enter your WhatsApp number and our legal team will connect with you shortly.

Typical response: Prompt response during chamber hours