Petrol Imports Plunge by Half a Year After Subsidy Removal
- Petrol import reduced by 1 billion litres after subsidy removal in June
- Import dropped from 2.23 billion litres in August 2022 to 1.09 billion in August 2023
- No local PMS production in 2021, 2022 or first half of 2023
- 11.94 billion litres of PMS imported in first half of 2023, higher than 11.56 billion in first half 2022
- Imports fell sharply in June, July and August after subsidy removal, showing its impact