POL import bill falls by 2.3% to $6.054 bln in 4 months

ISLAMABAD: The imports of overall petroleum group declined by 2.31 percent during the first four months of the current fiscal year (2022-23) as compared to the corresponding period of the last year, Pakistan Bureau of Statistics (PBS) reported.
The total imports of the petroleum group during July-October (2022-23) stood at $ 6,054.093 million, as against the imports of $6,197.285 million last year, according to PBS data.
Among petroleum commodities, the import of petroleum products declined by 1.75 percent, from $2,894.733 million last year to $2,844.098 million during the period under review.
Likewise, the imports of liquified natural gas declined by 15.55 by going down to $1,266.662 million this year against the imports of $1,499.912 million recorded during the corresponding period of last year. On the other hand, the products that witnessed positive growth included petroleum crude, the imports of which grew by 6.61, from $1,620.191 million last year to $1,727.345 million whereas imports of liquified petroleum gas increased by 18.39 percent, from $ 182.343 million to $ 215.883 million.-APP