Petroleum Imports in Pakistan See Modest Growth in 4MFY25

• Pakistan’s Petroleum imports in fiscal year 2024-25 (July-October).
• Pakistan’s Petroleum imports grow marginally.
• Petroleum imports increased by 1.68% in the first four months.

ISLAMABAD – Pakistan’s petroleum imports saw a modest increase of 1.68% during the first four months of the fiscal year 2024-25 (July-October), reaching $5.113 billion compared to $5.029 billion in the same period last year, according to data from the Pakistan Bureau of Statistics (PBS).

Overall imports during 4MFY25 totaled $17.972 billion, marking a 5.86% rise compared to $16.977 billion in the same period last year. However, October 2024 imports stood at $4.591 billion, reflecting a decline of 1.40% from $4.656 billion in September 2024 and a 5.59% drop from $4.863 billion in October 2023.

On a year-on-year (YoY) basis, petroleum group imports declined by 30.55% in October 2024, amounting to $1.060 billion compared to $1.527 billion in October 2023. Month-on-month (MoM) petroleum imports also fell by 23.61% from $1.388 billion in September 2024.

Petroleum products imports specifically experienced an 18.89% decrease during 4MFY25, totaling $1.753 billion compared to $2.161 billion in the same period last year. In October 2024, petroleum products imports dropped by 38.34% YoY to $398.386 million and by 22.49% MoM from $513.959 million in September 2024.

Major imported commodities in October 2024 included petroleum products (Rs.110,620 million), crude petroleum (Rs.85,050 million), liquefied natural gas (Rs.77,451 million), palm oil (Rs.76,730 million), and plastic materials (Rs.62,643 million), alongside others like iron, steel, and mobile phones.

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