Imports of crude oil and fuel into the country increased by 6.42 percent on a year-on-year basis in the first month of the ongoing financial year. In July 2025, the statistics bureau indicated spending on energy imports amounted to 1.345 billion as compared to July 2024 where it spent 1.264 billion.
In line with this is the monthly increase of 2.68 % recorded in the petroleum imports as the amount was $1.310 billion in June. Analysts have cited increased domestic demand and price trends in the global markets as driving factors of the growth.
The national imports on a whole witnessed a significant hike of 29.25 percent in the first month of fiscal. Imports in July totaled to 5.44 billion against 4.21 billion in July 2008. This is an increase in commercial and industrial activity as well as in purchasing priorities of the most basic commodities, such as refined petroleum products.
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Industry analysts indicate that the increase of energy imports of petroleum will remain to dominate the energy pricing and trade balances and the country is highly sensitive to fuel shipments due to its economy.
In conclusion, imports of petroleum products continue to form one of the major components of the import bill of the country whereby an amount of $1.345 billion was paid in July which portrays the consistency of the increase in the same given the domestic demand and the dynamics of the global energy markets.
