Cost of Petroleum Imports falls by 15% in July: PBS
MG News | August 20, 2018 at 06:30 PM GMT+05:00
Cost of petroleum imports has fallen down by 15.33% in July as the country imported petroleum related commodities worth $1.27 billion during that month.
A month before that, during June 2018, the value of petroleum related commodities imported into the country, stood at $1.5 billion. However, compared to last year, import of petroleum related commodities are still very large, having increased by 34.29% over the year as imports during July 2017 were worth close to $947 million.
Pakistan imported petroleum products worth $556.17 million in July, a 16.71% decline over the $667.76 million worth of petroleum products imported in June.
The largest month-on-month fall in the import of petroleum related commodities was for crude petroleum, imports of which fell down by 24.26% over the month, data from the Pakistan Bureau of Statistics revealed. Pakistan imported crude oil worth $371.7 million in July 2018. Compared to July 2017, import of crude petroleum has however surged by 70% as the value of imports last year stood at $218.5 million.
Import of LNG on the other hand has demonstrated a marginal increase of 0.35% this month, being the only petroleum-related commodity that has not witnessed a decline in its value of imports.
However, it also the very commodity that has witnessed the largest growth in the cost of imports over the year, having grown by 143.79% over the value of LNG imports recorded in July 2017. LNG imports have been brought in at a cost of $332 million in July, while in the previous month (June) and the previous year (July 2017), imports were priced at $330.9 million and $136.2 million respectively.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 135,939.87 307.74M |
-0.41% -562.67 |
ALLSHR | 84,600.38 877.08M |
-0.56% -479.52 |
KSE30 | 41,373.68 101.15M |
-0.43% -178.94 |
KMI30 | 191,069.98 82.45M |
-1.17% -2260.79 |
KMIALLSHR | 55,738.07 422.01M |
-1.03% -577.24 |
BKTi | 38,489.75 45.79M |
-0.02% -8.33 |
OGTi | 27,788.15 6.87M |
-1.24% -350.24 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 116,630.00 | 120,695.00 116,090.00 |
-3605.00 -3.00% |
BRENT CRUDE | 68.79 | 69.41 68.60 |
-0.42 -0.61% |
RICHARDS BAY COAL MONTHLY | 96.50 | 96.50 96.50 |
0.50 0.52% |
ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.25 |
-2.05 -1.92% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
CRUDE OIL - WTI | 66.65 | 67.13 66.22 |
-0.33 -0.49% |
SUGAR #11 WORLD | 16.56 | 16.61 16.25 |
0.26 1.60% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|