Surplus supply causes drop in Pakistan's oil imports

Pakistan saw a major shift in its import market due to surplus supply, leading to the cancellation of three import cargoes and a significant decrease in petrol and high-speed diesel (HSD) imports in October.

According to official data, crude oil imports fell by 26%, dropping to 0.54 million metric tons (MT) from 0.724 million MT in September. However, total imports for the first four months of the fiscal year 2025 reached 2.8 million MT, a 6% increase from the same period last year.

Petrol imports decreased by 27% to 0.34 million MT from 466,727 MT in September. For the first four months of fiscal year 2024-25 (FY25), imports totaled 1.74 million MT, a 5% decrease compared to last year. High-Speed Diesel (HSD) imports fell to 89,885 MT from 130,906 MT in September, with imports during FY25's first four months reaching 465,847 MT, a 10% increase from the previous year.

Meanwhile, jet fuel imports surged by 203%, reaching 32,944 MT from 10,860 MT in September. The imports for the first four months of FY25 totaled 65,566 MT, showing a 200% increase from last year. Overall, total imports in October were 1.003 million MT, a 25% decline from the previous month and a 29% decrease from the same month last year.

The total imports for the first four months of FY25 stood at 5.07 million MT, a 3% increase from the previous year.

On the other hand, fuel oil exports slightly decreased to 133,742 MT from 141,088 MT in September. However, the exports for the first four months of FY25 were 457,295 MT, marking a 164% increase from last year.