Islamabad August 7 2024: Refineries throughput increased by 12.4 percent during the fiscal year 2024 compared to the previous year, driven by higher production of High Speed Diesel and Furnace oil, according to the OCAC.
Apart from Kerosene oil and Jet fuel oil, all other products positively contributed to the increase in refineries throughput.
Motor spirits production rose by 6.9 percent, High Speed Diesel by 14.7 percent, Furnace oil by 20.2 percent, High Octane by 57.0 percent, and Light Diesel Oil by 37.3 percent.
Kerosene oil and Jet fuel oil were the only products to experience negative growth, with production decreasing by 11.0 percent and 7.8 percent, respectively, during the year.
High Speed Diesel remained the top variant produced, with an output of 4.5 million tons in fiscal year 2024, up from 3.9 million tons in fiscal year 2023. This was followed by 2.3 million tons of Motor Spirit in fiscal year 2024, compared to 2.2 million tons in fiscal year 2023.
Despite lower uptake from power producers due to higher electricity generation costs, Furnace oil output increased to 2.5 million tons in fiscal year 2024, up from 2.1 million tons the previous year.
Country exported 955 thousand tons of furnace oil during the year, with 820 thousand tons being HSFO and the remaining 135 thousand tons being LSFO.
High Octane and Light Diesel Oil production remained at 76 thousand tons and 18 thousand tons, respectively, in fiscal year 2024.
Refineries’ output of Kerosene Oil fell to 79 thousand tons from 90 thousand tons in fiscal year 2023. Similarly, production of JP-1 dropped from 531 thousand tons to 493 thousand tons, while JP-8 production declined from 129 thousand tons to 125 thousand tons.
