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POL import bill surges 95% to $17bn in 10 months

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The imports of overall petroleum group witnessed an increase of 95.84 percent during the first ten months of the current fiscal year (2021-22) as compared to the corresponding period of the last year.

During the period under review, the total imports of the petroleum group stood at $17.033 billion, as against the imports of $8.697 billion last year, according to the latest data issued by the Pakistan Bureau of Statistics (PBS).

Among petroleum commodities, the import of petroleum products rose by 121.15 percent, from $3.865 billion last year to $8.549 billion during the period under review. The imports of petroleum cured also increased by 75.34 percent, from $2.407 billion last year to $4.221billion during July-April (2021-22) whereas the imports of liquefied natural gas surge by 82.90 percent from $2.026 billion to $3.705 billion. Similarly, the import of liquefied petroleum gas grew by 39.86 percent, from $398.216 million.

 

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