GDP growth drives petrol imports 67% year-on-year
The Kingdom’s strong economic growth so far this year has driven petroleum imports 67 per cent higher year-on-year through October, according to Ministry of Commerce data. Total imports reached 1.2 million tonnes, or US$1.14 billion worth, in the first 10 months of the year, compared to about 724,000 tonnes worth $485.9 million in the year-ago period, the ministry said. Officials attributed the growth to a resurgent economy following the global downturn of the past few years…
