Islamabad April 16 2025: Pakistan refineries overall production increases 23.37 percent during the month of February 2025 with notable gains in high-margin products like high-speed diesel (HSD).
HSD, a high-margin product, recorded a 33.14 percent year-on-year increase, reaching 464,493 thousand liters, while furnace oil, a low-margin product, also saw a 44.18 percent rise, with production totaling 211,534 thousand liters. Meanwhile, kerosene oil experienced surge of 24.74 percent, producing 8,834 thousand liters, while motor spirits output rose by 11.34 percent to 249,245 thousand liters. However, certain products saw sharp declines, with Lubricating oil falling 16.82 percent and LPG falling 1.48 percent. On the other hand, solvent naphtha and Petroleum products witnessed robust growth, increasing by 19.52 percent and 43.79 percent, respectively.
Looking at the cumulative production from July 2024 to February 2025, HSD production stood at 3,780,385 thousand liters, marking a 8.91 percent increase and furnace oil output improved by 2.92 percent to 1,755,283 thousand liters. Jet fuel oil saw a 10.40 percent decrease, totaling 469,986 thousand liters, whereas kerosene oil surged 27.76 percent to 81,400 thousand liters. Motor spirits remained relatively stable, improving 0.49 percent to 2,166,311 thousand liters. Other notable changes included a 54.50 percent rise in jute batching oil, a 30.04 percent increase in solvent naphtha, and a 3.54 percent decline in LPG production, which totaled 541,642 thousand liters. Petroleum products (n.o.s.) experienced a sharp 19.44 percent decline, reflecting shifting demand patterns.
Overall, the refinery sector demonstrated strong growth in high-margin products such as HSD, while low-margin products like furnace oil showed a modest increase. The data underscores ongoing shifts in product demand, with refiners likely focusing more on high-margin fuels to enhance profitability while balancing production of essential lower-margin products.
