Negative Growth In Petroleum Production

Posted by Sohail Khatri  |  at  10:20 AM No comments

Primary petroleum wares that contributed in negative development in May 2011 included plane fuel oil, which diminished by 19.51 percent.

ISLAMABAD: The generation of petroleum items amid May 2011 saw negative development of 2.11 percent when contrasted with that month of the most recent year.

The primary petroleum items that contributed in negative development of the petroleum items in May 2011 included plane fuel oil, which diminished by 19.51 percent amid the month under audit.

The creation of engine spirits diminished by 12.31 percent while the generation of diesel oil declined by 50.46 percent and heater oil by 8.04 percent, as indicated by temporary figures discharged by Federal Bureau of Statistics (FBS).

The petroleum items that saw positive development underway included lamp oil, creation of which expanded by 89.15 percent.

Additionally, the generation of High Speed Diesel expanded by 4.85 percent, greasing up oil by 0.29 percent, jute clustering oil by 7.24 percent, dissolvable Naptha by 17.18 percent and LPG by 23.95 percent amid May 2011.

The general Large Scale Manufacturing (LSM) division indicated development of 1.33 percent amid July-May (2010-11) against the same time of a year ago.

The LSM saw negative development of 2.28 percent in May 2011 as against that month of the most recent year.

On month to month premise, the commercial ventures gave recuperation hints while the oil and gas area under the space of the territories enrolled negative development.

The items observed by Ministry of Industries saw development of 5.47 percent underway in May 2011, on the other hand, the oil and gas division saw negative development of 2.11 percent while the generation of commercial enterprises checked by commonplace Bureaus of Statistics likewise declined by 11.73 percent, the FBS reported.

Amid the most recent eleven months July-May (2010-11), oil and gas segment saw negative development of 2.99 percent while the creation of commercial ventures observed by commonplace Bureaus of Statistics declined by 1.52 percent.

The LSM items checked by Ministry of Industries saw positive development of 3.53 percent In Petroleum Production amid the period, the FBS information uncovered. application

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