Petroleum exports surge 118pc

Pakistan’s oil import bill experienced double-digit growth, while exports of petroleum products increased during the first 10 months of the current fiscal year compared to the previous year. The crude oil imports rose by over 14pc to 8.489 million tonnes from 7.388m tonnes over the corresponding period last year, according to data compiled by the Pakistan Bureau of Statistics (PBS). Interestingly, exports of petroleum products witnessed a remarkable surge of over 118.7pc to $492.04m during 10MFY25 from $224.97m in the corresponding period last year. According to the PBS data, crude oil imports increased in the first 10 months of FY25, which prompted local refineries to produce more petroleum products than anticipated and boost exports.