Oil imports decrease by 24% MoM in October: PBS

News Image

MG News | November 18, 2022 at 03:17 PM GMT+05:00

0:00

November 18, 2022 (MLN): The import bill of oil was recorded at $1.18 billion in October 2022, down by 24% MoM and 26% YoY compared to $1.56bn in September 2022 and $1.6bn in October 2021, data released by the Pakistan Bureau of Statistics (PBS) showed on Thursday.

In 4MFY23, the import bill of petroleum products stood at $6bn compared to $6.2bn in the same period last year.

Meanwhile, the share of petroleum products in the total import bill of $4.71bn stood at 25.22% in October 2022. It is pertinent to mention that the overall import bill has dropped by 11.9% MoM and 26% YoY.

With regards to the transport sector, the import bill posted a plunge of 47.55% YoY to $199.2mn in October 2022 against $379bn over last year, mainly led by a decline in imports of road motor vehicles (build unit, CKD/SKD) that stood at $197.66mn compared to $277mn in October 2021.

The import of medicinal products went down by 37% MoM and 63% YoY to clock in at $105.33mn compared to $169mn in September 2022 and 287mn in October 2021.

In addition, the country’s food imports also dropped by 24.78% MoM and 7.31% MoM to $707.27mn in October 2022 from $940.28mn in September 2022 and $763mn in October 2021.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,775.00 119,740.00
118,145.00
480.00
0.41%
BRENT CRUDE 73.27 73.52
71.75
0.76
1.05%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.11 70.35
68.45
0.90
1.30%
SUGAR #11 WORLD 16.49 16.58
16.37
-0.10
-0.60%

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