No discounted petrol from Russia says Bilawal
Pakistan “is neither chasing or receiving” any discounted energy from Russia, according to foreign minister Bilawal Bhutto Zardari. He is on a seven-day visit to the US.
Last week, Russia decided to offer Pakistan reduced crude oil, gasoline, and diesel, according to State Minister for Petroleum Musadik Malik.
He had stated that specific terms and conditions of the discounted oil commodities will be decided upon during the upcoming visit of the Russian energy minister to Islamabad by mid-January. However, that prices would be on par with or even lower than those being offered to other nations.
Before that meeting, Malik had stated, the two parties would refine their ideas to the point at which an executive summary or an agreement could be signed, and supplies would begin to flow.
As winter approaches, Pakistan struggles to meet domestic gas supply needs while also trying to control a current account deficit that has been swollen by energy purchases, largely for oil.
Due to the fact that spot prices are still too high and shipments under long-term agreements are not enough to meet the country’s growing demand, it has been impossible for the nation to purchase liquefied natural gas from the international market.
People are concerned as no discounted petrol from Russia says Bilawal
