Pakistan’s base oils imports rose to a three-month high in March on the back of a pick-up in shipments from South Korea.Imports rose even amid slowing lubricating oil demand in the country.Base oils imports of almost 18,000t in March rose from less than 13,000t the previous month, provisional customs data showed. The volume was the highest this year.Imports of 46,740t in the first three months of the year fell from more than 70,000t in the fourth quarter of last year and by 41pc from year-earlier levels to the lowest quarterly volume since 2021.The drop in shipments affected supplies from Singapore more than from South Korea.Imports of almost 30,000t from the northeast Asian country in the first quarter were down from more than 31,000t during the same period last year.Imports of less than 5,000t from Singapore in the first quarter were down from almost 30,000t during the same period last year..Pakistan’s March lube demand falls.Contact us for more information about the data for these stories
Pakistan’s base oils imports rose to a three-month high in March on the back of a pick-up in shipments from South Korea.Imports rose even amid slowing lubricating oil demand in the country.Base oils imports of almost 18,000t in March rose from less than 13,000t the previous month, provisional customs data showed. The volume was the highest this year.Imports of 46,740t in the first three months of the year fell from more than 70,000t in the fourth quarter of last year and by 41pc from year-earlier levels to the lowest quarterly volume since 2021.The drop in shipments affected supplies from Singapore more than from South Korea.Imports of almost 30,000t from the northeast Asian country in the first quarter were down from more than 31,000t during the same period last year.Imports of less than 5,000t from Singapore in the first quarter were down from almost 30,000t during the same period last year..Pakistan’s March lube demand falls.Contact us for more information about the data for these stories