Pakistan’s spending on the import of Petroleum Products drops by 27%, YoY

News Image

By MG News | November 20, 2019 at 12:06 PM GMT+05:00

0:00

November 20, 2019: The import of Petroleum products during the month of October 2019 amounted to approximately $1.01 billion, as compared to $1.14 billion in the previous month and 1.39 billion in the same period of last year, showing a decline of 12.1% and 27.4% in the respective periods.

During the first four months of current Fiscal year, the imports of petroleum group stood at $4.16 billion, against $5.17 billion recorded in the same period of last year, depicting a decline of 19.49%

According to the details reported by Pakistan Bureau of Statistics, the products that contributed in deflated petroleum import bill included crude oil, the imports of which dropped by 30.29% as $1.1 billion were spent on its purchase in the first four months, as compared to $1.6 billion spent during the same period of the previous year.

The import of petroleum products also witnessed a sharp decrease of 23.4% to $1.7 billion during the period under review, against $2.2 billion recorded in the same period of last year.

On the other hand, the products that witnessed growth in imports during the period under review included petroleum gas, as its bill went up by 23.8%, increasing from $70.6 million in last year to $87.4 million this year.

Copyright Mettis Link news

Related News

Name Price/Vol %Chg/NChg
KSE100 131,185.60
57.27M
0.38%
498.94
ALLSHR 81,650.95
295.59M
0.43%
345.69
KSE30 40,128.07
27.43M
0.46%
182.62
KMI30 191,289.62
31.29M
0.31%
591.57
KMIALLSHR 55,159.09
144.92M
0.15%
84.94
BKTi 34,978.06
4.51M
1.19%
409.66
OGTi 28,619.13
2.51M
-0.42%
-120.22
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,520.00 110,525.00
109,460.00
-895.00
-0.81%
BRENT CRUDE 68.60 68.89
68.42
-0.20
-0.29%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 108.45 109.80
108.45
-0.55
-0.50%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.89 67.18
66.72
-0.11
-0.16%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 04, 2025 at 11:24 AM GMT+05:00

Pakistan calls for credit rating reform at UN FFD4 summit


July 04, 2025 at 11:07 AM GMT+05:00

Saudi Riyal available at PKR 76.4 in open market


July 04, 2025 at 10:45 AM GMT+05:00

Pakistan charts AI roadmap for key development sectors


July 04, 2025 at 09:49 AM GMT+05:00

Lucky Cement achieves historic export milestone



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg