Islamabad April 21 2025: Pakistan’s petroleum imports witnessed a significant decline in March 2025, as both crude oil and liquefied natural gas (LNG) arrivals shrank compared to the same month last year.
According to official data, total petroleum group imports dropped to USD 1.23 billion, down 18 percent from USD 1.51 billion in March 2024. In quantity terms, imports declined by 4.2 percent. The fall was primarily driven by a steep 32 percent drop in crude oil import value, with quantities also falling by 16.3 percent.
LNG imports continued their downward trend as well, with a 22.9 percent decrease in dollar value year-on-year. Petroleum products, on the other hand, saw a 13.6 percent rise in imported volume, though their value remained flat — slipping by just under 1 percent — indicating softer international prices.
On a month-on-month basis, imports in March were 1 percent lower than in February, showing continued pressure on energy trade flows despite a slight increase in petroleum product volumes.
During the first nine months of the fiscal year 2024–25, Pakistan imported USD 11.94 billion worth of petroleum products, down slightly by 1.2 percent from the same period last year. However, overall petroleum import quantities rose by 11.9 percent, suggesting that the country benefited from lower global prices, particularly for crude oil and petroleum products.
