Oil import bill shrinks by 22.32% to $4.77b in 1st half of FY21



The country’s oil import bill witnessed reduction of 22.32 percent during the first half of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The overall oil imports during July-December (2020-21) were recorded at $4771.471 million against the imports of $6142.197 million during July-December (2019-20), showing decline of 22.32 percent, according to latest PBS data. The commodities that contributed in decline of oil import bill included, petroleum products, the imports of which decreased by 16.30 percent, from $2591.065 million last year to $2168.674 million during the current fiscal year. Likewise, the imports of petroleum cured decreased from $1771.251 million to $1322.952 million, a decline of 25.31 percent while the imports of natural gas (liquified) went down by 35.33 percent, from $1626.814 million to $1052.124 million.—APP

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