Pakistan’s petroleum imports remained subdued in August 2025, with a 14.7% year-on-year decline to $1.193 billion from $1.398 billion in August 2024, and a 11.4% month-on-month drop from $1.346 billion in July 2025, according to data compiled by Arif Habib Limited.
On a cumulative basis, petroleum imports for the first two months of FY26 fell 5% to $2.538 billion, compared with $2.662 billion during the same period of FY25.
Within petroleum imports, POL product imports amounted to $355 million in August 2025, an increase of 3.8% from $342 million in August 2024, but sharply lower by 44.1% compared to $635 million in July 2025.
In the first two months of FY26, POL product imports stood at $840 million, down 18% from $990 million a year earlier.
Crude imports in value terms dropped 16.3% year-on-year to $489 million in August 2025 from $584 million in August 2024, though they rose 22.7% month-on-month from $398 million in July 2025.
On a cumulative basis, crude imports rose significantly to $945 million in 2MFY26, up 61% compared to $587 million last year.
Imports of RLNG stood at $277 million in August 2025, down 27.4% year-on-year against $381 million in August 2024, but higher by 19.9% compared to $231 million in July 2025. During 2MFY26, RLNG imports fell to $743 million, down 29% from $1,042 million in the same period of FY25.
LPG imports were recorded at $72 million in August 2025, down 19.9% year-on-year compared to $90 million last year, but slightly higher by 12% compared to $82 million in July 2025. In cumulative terms, LPG imports amounted to $164 million in 2MFY26, almost unchanged from $154 million a year earlier.
Imports of other petroleum products were nil in August 2025, compared to $1 million in July and $2 million during 2MFY25, showing a 73% decline on a year-on-year basis.
The average price of Arab Light crude stood at $70.8 per barrel in August 2025, down 10.9% from $79.4 per barrel in August 2024 and slightly lower by 0.9% compared to $71.5 per barrel in July 2025. For the first two months of FY26, Arab Light averaged $71.13 per barrel, compared to $82.12 per barrel in the same period of FY25, a decline of 13%.
The motor spirit (MS) spread increased to $7.1 per barrel in August 2025, up 35.9% from $5.2 per barrel a year earlier and 8.9 percent higher than $6.5 per barrel in July 2025. On a cumulative basis, the MS spread averaged $6.79 per barrel in 2MFY26, compared to $5.47 per barrel last year, reflecting a 24% rise.
The high-speed diesel (HSD) spread stood at $14.5 per barrel in August 2025, up 8.9% year-on-year from $13.3 per barrel but down 18.4 percent month-on-month from $17.7 per barrel in July. In the first two months of FY26, the HSD spread averaged $16.09 per barrel, compared to $13.38 per barrel in 2MFY25, an increase of 20%.
The share of petroleum in total imports declined to 22.4% in August 2025, compared to 28.1% in August 2024 and slightly lower than 23.1% in July 2025. On a cumulative basis, petroleum’s share in total imports stood at 22.8% in 2MFY26, compared to 27.4% in the same period of FY25, reflecting a decline of 16.7% year-on-year.
In terms of volumes, POL product imports amounted to 689,000 tons in August 2025, up 3.8% from 664,000 tons last year and 17.9% higher than 585,000 tons in July.
In 2MFY26, total volumes stood at 1,198,000 tons, down 6% compared to 1,275,000 tons in the same period of FY25.
Crude imports stood at 681,000 tons in August 2025, down 16.3% year-on-year compared to 814,000 tons last year, though 16% higher compared to 587,000 tons in July.
Cumulative crude imports totaled 1,268,000 tons in the first two months of FY26, up 33% from 954,000 tons a year earlier.
RLNG imports were recorded at 973 mmcfd in August 2025, compared to 1,005 mmcfd in August 2024 and 976 mmcfd in July 2025. Imports of other petroleum products remained negligible during the period.
Pakistan’s total imports stood at $5,314 million in August 2025, reflecting a 7% increase year-on-year compared to $4,966 million in August 2024, but declining 8.8% month-on-month from $5,830 million in July 2025,
During the first two months (July-August) of FY26, imports reached $9,731 million, down from $11,144 million recorded in the same period last year, showing a decline of 15%.
