POL import bill surge 96% to $14.812 billion in 9 months.

ISLAMABAD -- The imports of overall petroleum group witnessed an increase of 96.09 percent during the first nine months of the current fiscal year (2021-22) as compared to the corresponding period of the last year.

During the period under review, the total imports of the petroleum group stood at $14.812 billion, as against the imports of $7.553 billion last year, according to the latest data issued by the Pakistan Bureau of Statistics (PBS).

Among petroleum commodities, the import of petroleum products rose by 111.45 percent, from $3.447 billion last year to $7.289 billion during the period under review.

The imports of petroleum cured also increased by 82.25 percent, from $2.023 billion last year to $3.687 billion during July-March (2021-22) whereas the imports of liquefied natural gas surge by 91.78 percent from $1.731 billion to $3.320 billion.

Similarly, the import of liquefied petroleum gas grew by 46.32 percent, from $351.256 million to $513.964 million whereas the imports of all other petroleum group commodities also increased by 64.48 percent, the data revealed.

Meanwhile, on year-on-year basis, the petroleum group imports witnessed an increase 68.19 percent during the month of March...

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