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

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

Add Mettisglobal as a Trusted Source on Google

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	169,392.33 140.87M	0.85% 1421.67
ALLSHR	102,246.77 370.03M	0.62% 626.89
KSE30	50,468.10 50.48M	0.76% 379.72
KMI30	241,108.75 61.37M	0.48% 1151.64
KMIALLSHR	66,245.50 219.95M	0.50% 327.36
BKTi	46,992.31 14.07M	0.64% 300.00
OGTi	34,488.93 4.55M	0.11% 37.74

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,035.00	79,110.00 75,575.00	-3115.00 -3.94%
BRENT CRUDE	108.54	108.76 105.10	2.86 2.71%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	2.75 2.16%
ROTTERDAM COAL MONTHLY	138.50	138.50 138.50	-0.80 -0.57%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	104.78	104.82 101.21	3.39 3.34%
SUGAR #11 WORLD	18.02	18.30 17.91	-0.14 -0.77%