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ISLAMABAD: Local production of petroleum products declined by over 10 per cent during the first half of this fiscal year which also led to a drop in its exports. This was matched by a double-digit fall in crude oil imports, which also translated into lower production of petroleum products by local refineries in 1HFY20. The half yearly data from the Pakistan Bureau of Statistics show that output of all 11 petroleum components was lower as petrol and high-speed diesel mostly were down 8.68pc and 10.21pc, respectively. However, in December 2019,…
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