Oil import bill soars to $8.68 billion in July –January

ISLAMABAD: The oil import bill has surged to $8.68 billion due to significant increase in import of liquefied natural gas (LNG), according to data released by Pakistan Bureau of Statistics (PBS).

 

 

According to the bureau, the import oil bill increased by 10 percent to $8.68 billion during July – January 2018/2019 as compared with $7.89 billion in the corresponding period of the last fiscal year.

The import of LNG sharply increased by 74.68 percent to $1.97 billion during first seven months of current fiscal year as compared with $1.13 billion in the same months of the last fiscal year.

However, the import of finished petroleum products declined 13.37 percent to $3.85 billion during the period under review as compared with $4.44 billion.

On the other hand, the import of petroleum crude increased by 27.15 percent to $2.7 billion during first seven months of the current fiscal year as compared with $2.13 billion in the corresponding period of the last fiscal year.

While the import of Liquefied Petroleum Gas (LPG) registered decline by to 19.66 percent to $152.6 million as compared with $190 million during the period of under review.

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