Petrol Product Exports Increase by 94% in 4 Months

The export of petroleum products from Pakistan during the first four months of the current financial year 2018-19 increased by 94.14 percent against compared to the same period of the previous year.

Export of petroleum products and coal rose to $187.55 million in July-October 2018-19 against exports worth $96.61 million during the same period of previous year, according to the latest data released by Pakistan Bureau of Statistics (PBS).

On a year-on-year basis, the petroleum and coal export also increased by 84.2 percent to $41.73 million in October 2018 as compared to the exports of $22.65 million in the same month of the previous year.

According to details, the export of crude oil during Jul-Oct 2018-19 rose to $104.166 million from $33.1 million thus posting a sharp increase of 214 percent.

Similarly, the export of petroleum production also increased by 36 percent to $55 million from $40.24 million in the corresponding period of last year, whereas the export of naphtha also increased by 21 percent from $23.288 million in Jul-Oct 2018-19 to $28.4 million in the same period of the current year.

It should be noted that the overall merchandise export during the period under review also witnessed an increase of 3.48 percent as it increased to $7.282 billion during first four months of the current fiscal year against exports of $7.037 billion in the same period of previous year.