Petroleum Imports Dip 16.55% To $3.157 Bln
Muhammad Irfan Published October 22, 2019 | 05:12 PM
The petroleum group imports into the country dipped by 16.55 percent during the first quarter of current fiscal year against the same period of last year
ISLAMABAD, (UrduPoint / Pakistan Point News - 22nd Oct, 2019 ) :The petroleum group imports into the country dipped by 16.55 percent during the first quarter of current fiscal year against the same period of last year.
The petroleum imports into the country during July-September (2019-20) were recorded at $3157.492 million against the imports of $3783.553 million, showing negative growth of 16.55 percent, according to the latest data of Pakistan Bureau of Statistics (PBS).
During the period under review, the crude oil imports decreased from $1202.154 million last year to $811.087 million this year, showing decline of 32.53 percent. The petroleum products imports also decreased by 17.25 percent from $1595.098 million to $1319.891 million, the data revealed.
Meanwhile, the petroleum group that witnessed positive growth in trade included natural gas (liquefied), imports of which however witnessed increase of 2.
81 percent from $939.194 million to $965.585 million.
The import of petroleum gas (liquefied) also increased by 29.44 percent, from $47.042 million last year to $60.891 million during the period under review.
On year-on year basis, the imports of petroleum group increased by 0.76 percent during September 2019 compared to the imports of the same month of the last year.
The petroleum group imports during September 2019 were recorded at $1149.695 million against the imports of $1141.034 million in September 2018.
On month-on-month basis, the imports of petroleum group increased by 12.99 percent during September 2019, when compared to the imports of $1017.560 million during August 2019, the data revealed.
Recent Stories
Punjab CM inaugurates Pakistan’s first Virtual Women Police Station
Dutch model Donny Roelvink embraces Islam
Experts raise concerns over introduction of 10-stick packs
Iranian president arrives in Karachi
Law Minister expresses Govt's resolve to address issue of missing persons
Rizwan’s batting order may be changed: Sources
Nawaz Sharif to visit Guangzhou exhibition in China
FM Dar not traveling to China: Foreign Office
PM takes notice of deliberate delay in tax cases
Iranian President visits Allama Iqbal’s mausoleum
Iranian President arrives in Lahore today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 23 April 2024
More Stories From Business
-
Afghan trade delegation, FPCCI discuss bilateral trade
10 hours ago -
With knowledge economy, Mauritius is a stable economy: Envoy
10 hours ago -
Aurangzeb reiterates govt's resole to reduce poverty, promote sustainable development
11 hours ago -
Finance minister meets Chairman Anjuman-e-Tajran; discuss issues of business community
11 hours ago -
Govt ensuring digital access as fundamental right: Ahsan Iqbal
12 hours ago -
WHO delegation calls on Chairman FBR
12 hours ago
-
Bill drafted to regulate veterinary sciences and animal welfare: Tanveer
12 hours ago -
General Motors lifts 2024 profit forecast after strong Q1
13 hours ago -
Pakistan aims to reach $3 trillion economy by 2047: Ahsan Iqbal
13 hours ago -
Digital technologies play significant role in economic growth: Shaza
14 hours ago -
Experts raise concerns over introduction of 10-stick packs
14 hours ago -
SACM directs making technical institutes as skill imparting centres
15 hours ago