Pakistan’s Oil Import Bill Surpasses IMF Projection in FY2025-26
Pakistan’s petroleum import bill exceeded the International Monetary Fund (IMF) projection during the fiscal year 2025-26, mainly due to higher international crude oil prices.
According to official government data, Pakistan spent approximately $16.86 billion on petroleum imports during FY2025-26. This was around $1.58 billion higher than the IMF’s projected estimate of $15.28 billion for the same period.
Oil Import Costs Rise During FY2025-26
Government figures show that Pakistan’s oil import bill increased by 5.76 percent compared with the previous fiscal year.
The increase has been largely attributed to higher global crude oil prices, which affected the country’s overall import expenditure during the year ending June 30, 2026.
IMF Outlook for FY2026-27
The IMF has projected Pakistan’s petroleum import bill at approximately $16.31 billion for the 2026-27 fiscal year.
However, analysts note that fluctuations in international energy markets could influence actual import costs depending on future global oil price trends.
Impact on Domestic Fuel Prices
Higher international crude oil prices have also contributed to increased fuel costs within Pakistan, affecting petrol and high-speed diesel prices.
Since petroleum products play a key role in transportation, agriculture, manufacturing, and other sectors, changes in global oil prices can influence overall economic activity and operating costs.
Officials say the government continues to monitor developments in international energy markets as global price movements remain an important factor affecting Pakistan’s import bill and domestic fuel pricing.
