Updated on
Summary
Gross production of oil refineries decreases due to the situation developed by floods.According to an initial estimate, the gross product in the first two months of the current fiscal year has decreased by 18 percent. Product in July and August appeared to be 12 hundred thousand tons, which is 2 hundred thousand tons less than previous year. In the month of August, only 482 tons of refined petroleum products were produced due to a blockade by PARCO because of floods. Production of furnace oil decreased by 20 percent and of high speed diesel and petrol by 13 and 16 percent respectively, as compared to the previous year.
