Kerosene import highest among POL products

Kerosene import highest among POL products
ArthaExpress, 31-Dec-08

Kerosene is imported in the highest quantity among the petroleum (POL) products. “Kerosene is also the highest sold among POL products,” a report from Nepal Oil Corporation (NOC) said.

A recent data compiled by the NOC reveals that 1,52,167.7 Kiloliter (KL) of kerosene was imported in 2007-08 and 1,55,215.5 KL — a little amazing figure — is sold.

The highest quantity of kerosene imported was during 2001-02, that is 3,90,113 KL and the total sales then was 3,16,381 KL.

According to NOC, the total amount of petrol imported stands at 10,1,624 KL, diesel at 3,03,212 KL and the total Air Turbine Fuel (ATF) import stands at 6,8534.1 KL, while furnish oil (FO) import this year is 2,940 KL, the lowest, and gas import stands at 96,836.8 Metric Tonne (MT). However, the sales figure is amazing as some of the products are sold more than they are imported.

In the year 2007-08 NOC sold 10,0,842 KL petrol; 30,2,706 KL diesel; 15,5,215.5 KL kerosene, 68,938.2 KL ATF; 2,918.78 KL FO and 96,836.8 MT cooking gas.

The total quantity of petroleum products imported in the year 2007-08 stands at 7,25,623 KL and the total sales of the petroleum products stands at 7,27,763 KL that is higher than the total import.

“The difference in quantity between import and sales of petroleum products is due to stocks that NOC maintains,” said Digambar Jha, managing director of NOC.

“Sometimes NOC has stock and it supplies from its stock when necessary,” he added. NOC keeps petroleum products in stock for emergency. “NOC can fulfil the demand when the import is lesser than the supply also due to its stock,” Jha clarified.

“During the month of June and July the import of petrol was less than 50 per cent of the demand and during that period we had stock,” he said adding that such stock is helpful in times of necessity.