The country’s petroleum group import bill witnessed reduction of 21.70 percent during the first eight months of the current fiscal year as compared to the corresponding period of last year.
The country imported petroleum group worth US $6445.601 million during July-February (2020-21) against the imports of US $ 8232.294 million during July-February (2019-20), showing decline of 21.70 percent, according to latest data by Pakistan Bureau of Statistics (PBS).
The commodities that contributed in decline of oil import bill included, petroleum products, the imports of which decreased by 20.71 percent, from US $ 3641.111 million last year to US $ 2886.999 million during the current fiscal year.
Likewise, the imports of petroleum cured decreased from US $ 2315.597 million to US $ 1753.918 million, a decline of 24.26 percent while the imports of natural gas (liquefied) went down by 27.17 percent, from $2059.276 million to US $ 1499.790 million. —APP