POL imports dip 21.79pc


Staff Reporter


The petroleum group imports into the country dipped by 21.79 percent during the first five months of the current fiscal year against the same period of last year. The petroleum imports during July-November (2019-20) were recorded at $5110.644 million against the imports of $6534.813 million of same period of last year, showing negative growth of 21.79 percent, according to the latest data of Pakistan Bureau of Statistics (PBS). During the period under review, the imports of petroleum products decreased from $2,925.379 million to $2,174.717 million, showing decline of 25.66 percent. The imports of petroleum crude also declined by 28.01 percent, from $2065.309 million to $1486.750 million during the current fiscal year, while the imports of Liquefied Natural Gas (LNG) decreased by 8.43 percent, from $1457.120 million to $1334.217 million. The only petroleum group product that witnessed increase in imports was Liquefied Petroleum Gas (LPG) that surged from $86.796 million last year to $114.904 million, showing increase of 32.38 percent.