Friday, December 27, 2024

Petrol Price in Pakistan May Reduce by Rs. 100 with the Arrival of Russian Oil

According to the agreement with Russia, the market price of 15 to 18 dollars is getting cheap oil, if the government gives relief even for half a liter to the people, it is quite reasonable. Talk by Khawaja Asif Mehmood of Sach Information of Pakistan Sachem

According to Khawaja Asif Mahmood, the chairman of the Pakistan Muslim League (N), the price of oil in the nation may drop to 100 rupees following the price of Russian oil. In a conversation with the news organisation, Khawaja Asif Mehmood added that if the price of oil is decreased on the worldwide markets, it ought to be cheaper in Pakistan as well.

According to Khawaja Asif Mahmood, the chairman of the Pakistan Muslim League (N), the price of oil in the nation may drop to 100 rupees following the price of Russian oil. In a conversation with the news organisation, Khawaja Asif Mehmood added that if the price of oil is decreased on the worldwide markets, it ought to be cheaper in Pakistan as well. According to the agreement, if the government provides relief to the people for even a half-liter of oil, the market price of oil will drop by 15 to 1800 percent. That’s all there is to it, according to Khawaja Asif Mahmood, Russian oil is expected to arrived in Pakistan in the first week of May.

If the prices are adhered to, Pakistan will save 16 to 18 dollars a barrel compared to the current rates while purchasing Russian oil. Pakistan will examine the petroleum products made from Russian oil once it has been refined, according to the authorities. Russian officials have granted Pakistan a discount of 16 to 18 dollars per barrel in order to equal the quality and freight of Arabian light oil, despite the fact that the quality of Russian oil is not particularly good and its transportation expenses are also expensive.

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