ISLAMABAD: The import of various petroleum group into the country witnessed declined of 41.21 percent during the first five months of the current fiscal year compared to the corresponding period of last year.
The overall import of petroleum group into the country were recorded at 3,594.354 million during July-November (2015-16) compared to the imports of 6,114.332 million in July-November (2014- 15), according to the data of Pakistan Bureau of Statistics (PBS).
According to break up figures, the imports of crude petroleum witnessed decline of 44.35 percent during the period when compared to the same period of last year.
The petroleum (crude) imports into the country were recorded at $1,254.487 million compared to the imports of $2,254.175 million last year.
On the other hand, the imports of petroleum products decreased by 39.38 percent during the current year compared to last year.
The petroleum products import into the country was recorded at $2,339.867 million during the current year compared to the imports of $3,860.157 million.
Meanwhile, on month-on-month basis, the import of Petroleum Group decreased by 36.11 percent in November 2015 compared to the imports of same month of last year.
The imports during the month were recorded at $159.472 million compared to the imports of $298.990 million.
Among this group, the import of petroleum products decreased by 31.41 percent by going down from $670.591 million in November 2014 to $459.987 million in November 2015.
The import of crude petroleum decreased by 46.66 percent by falling from $$298.990 million last November to $159.472 million.
On month-on-month basis, the imports into the country witnessed decrease of 28.09 percent when compared to the imports of $221.764 million in October 2015.
Among these, the import of petroleum products decreased by 4.56 percent by going down from $670.591 million to $459.987 million.
Similarly, the imports of petroleum (crude) decreased from $221.764 million $159.472 million.
It is pertinent to mention here that the overall trade deficit narrowed by 5.12 percent during the first five months of the current fiscal year compared to the corresponding period of last year.
The trade deficit during July-November (2015-16) was recorded at $9.869 billion compared to the gap of $10.402 billion last year, showing decline of 5.12 percent.
