ISLAMABAD, Jul 21: Pakistan imported petroleum group products worth $23.318 billion during the fiscal year 2021-22, against import of $11.357 billion during the previous year, showing an increase of 105.31 percent.

According to the latest data issued by the Pakistan Bureau of Statistics (PBS), the import of petroleum products during FY 2021-22 rose by 133.9%, from $5.16 billion last year to $12.069 billion. The imports of petroleum crud increased by 80.18%, from $3.107 billion last year to $5.598 billion during FY 2021-22. The import of liquefied natural gas surged by 90.65%, from $2.617 billion to $4.989 billion.

Meanwhile, on year-on-year basis, the petroleum group imports witnessed an increase 146.61% during the month of June 2022 as compared to the same month of last year. The petroleum imports during June 2022 were recorded at $3.639 billion against the imports of $1.475 billion during June 2021.

On month-on-month basis, the petroleum imports into the country increased by 37.54% during June 2022 as compared to the imports of $2.645 billion in May 2022, the PBS data revealed.

Credits: INP-WealthPk