Overview
After the back-breaking petroleum products prices in Pakistan, the government has dealt with Russia for low-cost petrol and the first order for low-price Russian crude places. The government has also realized that how difficult it is for the common man to survive at the current petrol rate. Petrol rates directly affect the traveling cost and regular expenses.
The terms with Russia for cheap price petrol decided and now we can hope the prices will come down in the coming days. However, it’s taken months to resolve the issue, but it has finally decided that Pakistan is able to receive oil from Russia. Russia offers oil cruds at low rates to Pakistan compared to the global market rates.
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Low-Cost Oil Crud
As per the report of Minister of Petroleum Musadik Malik, the order for crude oil has been placed and one cargo will reach Karachi Port next month.
Moreover, he stated that “as per the agreement with Russia, Pakistan will only import crude oil, not refined oil. If the first transaction succeeds, the import will expectedly reach 100,000 barrels per day”.
Conclusion
The government has not disclosed the exact amount of discount they have agreed with Russia. But the only good purpose we have concerned about is we will receive cheap price oil. And in the coming days if the oil import with Russia will work smoothly. However, the order has already placed, and the first shipment will be reach as per the statement of Malik.
