Importation during 2014 increase by 48,184 Metric Tons or 15% over 2013, from 316,643 Metric Tons to 360,920 Metric Tons. The introduction of Heavy Fuel Oil (HFO), on the Petroleum Market and the commissioning of the two newly constructed storage tanks of approximately six Million gallons capacity is expected to further contribute to volume increment. Therefore, we are conservatively projecting volume importation of 380,355 Metric Tons for Fiscal Year 2015/2016. This projection represents 19,435 Metric Tons or 5% increased over last year.
Total annual importation of petroleum products (MT) over 4 years
Total annual importation of petroleum products (MT) of 2014