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POL import bill shrinks by 16.93% in four months

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The imports of the overall petroleum group contracted by 16.93 percent during the first four months of the current fiscal year (2023-24) 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-October (2023-24) stood at $ 5,029.011 million against the imports of $ 6,054.086 million during the same period of last year

Among petroleum commodities, the import of petroleum products declined by 23.99 percent, from $ 2,844.091 million last year to $2,161.833 million during the period under review.—APP

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