In the first half, the bill decreased by 22.23pc
ISLAMABAD: The country’s oil import bill has declined by 22.23 per cent during the first half of the current financial year, according to a report by Pakistan’s Bureau of Statistics (PBS).
Total oil imports during July-December (2020/21) were recorded at ، 4,771.471 million, down 22.32% from جولائی 6,142.197 million during July-December (2019/20). Is.
Among the items that contributed to the repeal of the Oil Import Bill were petroleum products, whose imports fell 16.30 per cent to 2 2,168.674 million during the current financial year, compared to 5 2,591.065 million last year. Was
Similarly, treated petroleum imports fell from 7 1,771.251 million to ، 1,322.952 million, down 25.31 percent, and natural gas imports fell 35.33 percent to 0 1,052.124 million, from 6 1,626,814. It was a million dollars.
Imports of petroleum gas increased from 15 157 million to 22 227.643 million, an increase of 48.79 percent, while imports of other oil products increased by 16.42 percent to 0.0 0.078 million.
Meanwhile, on a year-over-year basis, the oil import bill fell 20.04 percent to 8 824.872 million in December 2020, compared to 1 1,031.564 million in December 2019.
However, imports increased by 6.03% during December 2020, compared to 77 7,777.977 million in November 2020.
The country’s trade exports increased by 4.98% during the first half of the current financial year (2020/21) as compared to the same period last year.
PBS data also showed that exports from the country recorded 12 12.098 billion during July-December (2020/21) as against .5 11.524 billion during July-December (2019/20).
Imports also increased by 5.72% during the period under review, as it increased to 24 24.521 billion during the first half of the current financial year from 23 23.195 billion last year.