*The imports of overall petroleum group witnessed an increase of 95.84percent during the first ten months of the current fiscal year (2021-22) ascompared to the corresponding period of the last year.*
During the period under review, the total imports of the petroleum groupstood at $17.033 billion, as against the imports of $8.697 billion lastyear, according to the latest data issued by the Pakistan Bureau ofStatistics (PBS).
Among petroleum commodities, the import of petroleum products rose by121.15 percent, from $3.865 billion last year to $8.549 billion during theperiod under review.
The imports of petroleum cured also increased by 75.34 percent, from $2.407billion last year to $4.221billion during July-April (2021-22) whereas theimports of liquefied natural gas surge by 82.90 percent from $2.026 billionto $3.705 billion.
Similarly, the import of liquefied petroleum gas grew by 39.86 percent,from $398.216 million to $556.962 million whereas the imports of all otherpetroleum group commodities increased by 33.43 percent, from $0.166 millionto $0.221 million, the data revealed.
Meanwhile, on year-on-year basis, the petroleum group imports witnessed anincrease 94.38 percent during the month of April 2022 as compared to thesame month of last year.
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The petroleum imports during April 2022 were recorded at $2223.517 millionagainst the imports of $1143.906 million during April 2021.
On month-on-month basis, the petroleum imports into the country alsoincreased by 19.44 percent during April 2022 when compared to the importsof $1861.556 million in March 2022, the data revealed.
It is pertinent to mention here that the country’s total imports duringJuly-April (2021-22) were recorded at $65.492 billion as compared to theimports of $44.731 billion during the same period of last year, showinggrowth of 46.41 percent.
