BIRGUNJ: Fuel import through Birgunj transit point has increased significantly. The import of petroleum products via this major trade transit point of the country has gone up by 78% in the period of 11 months in the current fiscal year compared to the previous fiscal year, the Birgunj Customs Office said.
According to the customs office, 1,418,217 kilolitres of petroleum products worth more than Rs 74.34 billion were imported through this transit from July 16, 2020 to June 14, 2021.
Likewise, 2,531,660 kilolitres of petroleum products worth more than Rs 153.36 billion have been imported using the Birgunj transit in the 11 months of the current fiscal year 2021/22. This volume of imports is 78.51% more than that of 11 months of the previous fiscal year.
Similarly, the import of liquefied petroleum gas (LPG) has increased by around 8%. LPG weighing 258,150 metric tonnes has been imported through Birgunj transit in the last 11 months of the current fiscal year as compared to 239,638 metric tonnes in the corresponding period of the previous fiscal year. The import of LPG during the period in this fiscal year exceeds the previous fiscal year by 18,512 metric tonnes.
The import of diesel, petrol, aviation fuel and LPG has increased while kerosene import has decreased by 30%, said Sumit Gupta, Information Officer at Birgunj Customs Office.
According to him, the customs office has collected approximately 34% more revenue in the period of 11 months in the current fiscal year compared to the corresponding period in the previous fiscal year owing to the increase in the import of petroleum products. Revenue of Rs 54.53 billion was collected in the last fiscal year while more than Rs 72.82 billion has been collected from fuel imports in this fiscal year.
Around 70% of the fuel and 85% of LPG that is consumed in the country is imported through Birgunj transit.
(with inputs from RSS)