Imports of petroleum products drop by 8% in Pakistan

Karachi: In the first nine months of current financial year, the imports of petroleum products have recorded a decrease of 8% on annual basis.

According to the statistics released by Pakistan Bureau of Statistics, the foreign exchange spent on imports of petroleum products in the period from July to March 2023 was 12.084 billion dollars, which is 8% less than the 13.083 billion dollars of the previous fiscal year.

According to the report, the volume of imports of petroleum products in March 2024 spent foreign exchange of 1.506 billion dollars, which is 25% more than March last year.

In March 2023, the volume of imports of petroleum products was recorded at 1.206 billion dollars, added report.

Compared to February, the imports of petroleum products have increased by 21% on a monthly basis in March. The foreign exchange spent on the imports of petroleum products in February was 1.246 billion dollars.