Pakistan, March 21 -- Pakistan's oil imports rose slightly to $10.71 billion in the first eight months of FY2024-25, driven by higher crude intake. According to the Pakistan Bureau of Statistics (PBS), crude oil imports increased by 20.29% in volume, while their value grew by 6.51%. However, petroleum product imports declined by 3.87% in value despite a 9.49% rise in quantity.

The increase in crude imports boosted local refinery production, leading to a 2.47% rise in petroleum output. High-speed diesel production grew by 6.21%, while furnace oil output surged by 19.74% in January. Despite this, total petroleum production saw a slight decline of 0.76%.

Refinery expansion contributed to a sharp 96% increase in petroleum exports, reaching ...