POL import bill contracts by 8.28% in 8 months



The imports of the overall petroleum group contracted by 8.28 percent during the first eight months of the current fiscal year (2022-23) as compared to the corresponding period of the last year, the Pakistan Bureau of Statistics (PBS) reported.

The total imports of the petroleum group during July-February (2022-23) stood at $11,876.711 million, as against the imports of $12,948.503 million during the same period of last year, according to PBS data.

Among petroleum commodities, the import of petroleum products declined by 14.47 percent, from $6,257.698 million last year to $5,352.506 million during the time period under review.

Likewise, the imports of liquefied natural gas declined by 17.19 percent and dropped from $3,080.445 million last year to $2,550.830 million this year.—APP