Pak Energy Import Volumes Rebound | Rising Energy Import Volumes Signal Recovery, While Lower Global Prices Ease BoP Pressure

on

Pakistan’s energy import trends for September 2025 show a healthy recovery in volumes alongside a decline in import values — a combination that supports the balance of payments amid softer international energy prices.

Crude oil imports rose 30.5% YoY to 903,020 tons, reflecting higher refinery intake and improved local demand. In value terms, imports increased by a modest 11.5% YoY to USD 541 million, as lower global crude prices tempered the impact of higher volumes. On a month-on-month basis, crude imports were up 11.3%, driven by seasonal demand for HSD ahead of the sowing season.

POL product imports also recorded a 7.2% YoY rise to 652,280 tons in September. However, in value terms, imports declined 21% YoY to USD 406 million, indicating that the benefit of lower international oil prices helped contain the import bill despite higher physical inflows.

Meanwhile, RLNG imports fell 20% YoY to 804 mmcfd from 1,005 mmcfd in September last year. The decline was more pronounced in value terms, with imports down 34% YoY to USD 208 million versus USD 312 million. This reflected both lower DES prices—averaging USD 8.19/mmbtu compared to USD 9.91/mmbtu last year—and subdued power sector demand due to a shift toward captive generation.