Petroleum import bill drops 8% to $1.2bn in Oct

MG News | November 18, 2024 at 11:42 AM GMT+05:00

0:00

November 18, 2024 (MLN): The import bill of the petroleum group decreased 7.8% to $1.22 billion in October 2024, compared to the import bill of $1.33bn recorded in October 2023, data released by the State Bank of Pakistan (SBP) showed.

Similarly, the imports of petroleum products fell by 6.0% compared to the bill of $1.3bn in September 2024.

The share of petroleum products in the total import bill stood at 26.6% in October 2024.

In 4MFY24, the import bill of petroleum products went up by 7.7% to $5.16bn against $4.79bn recorded in the same period last year.

It is pertinent to mention that the overall import bill has increased by 5.1% to $4.61bn in October compared to last year. While on a monthly basis, imports fell by 1.9%.

Cumulatively in 4MFY25, total imports marked a rise of 13.0% to $18.83bn compared to imports of $16.67bn in 4MFY24.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	159,688.86 200.95M	0.37% 592.08
ALLSHR	97,137.01 710.49M	0.48% 465.71
KSE30	48,303.25 97.35M	0.32% 154.51
KMI30	228,646.62 62.52M	0.60% 1369.37
KMIALLSHR	63,339.75 237.77M	0.76% 479.85
BKTi	44,585.76 39.24M	0.58% 258.65
OGTi	30,843.75 7.20M	1.01% 307.16

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	100,950.00	102,825.00 100,855.00	-260.00 -0.26%
BRENT CRUDE	63.99	64.39 63.53	0.61 0.96%
RICHARDS BAY COAL MONTHLY	87.25	0.00 0.00	0.10 0.11%
ROTTERDAM COAL MONTHLY	96.75	96.75 96.75	-0.20 -0.21%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.07	60.46 59.60	0.64 1.08%
SUGAR #11 WORLD	14.33	14.35 14.09	0.14 0.99%