• Download the Constitution of Pakistan
  • Advertise
Sunday, July 20, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

How much discount Pakistan has received on Russian crude oil?

by News Publishing
June 17, 2023
in Business, Main
Reading Time: 2 mins read
0
How much discount Pakistan has received on Russian crude oil?
Share on FacebookShare on TwitterLinkedinWhatsapp

Russian Energy Minister Nikolai Shulginov has confirmed that no preferential discounts on crude oil imports have been granted to Pakistan.

Pakistan has received its first cargo of Russian crude oil under an agreement inked in April this year between Islamabad and Moscow. A cargo containing 45,000 metric tonnes of crude oil landed in Karachi’s southern city on Sunday, with another 50,000 metric tonnes expected later this month.

Prime Minister Shehbaz Sharif stated that Russian crude oil was discounted. “Glad to announce that the first Russian discounted crude oil cargo has arrived in Karachi and will begin oil discharge tomorrow,” he wrote on Twitter.

“This is the first-ever Russian oil cargo to Pakistan, and it marks the beginning of a new relationship between Pakistan and the Russian Federation,” he continued.

Musadik Malik, Minister of State for Petroleum, also stated that the oil was imported at a reduced price.

However, the Russian minister’s statement stated otherwise. According to Shulginov, there is no reduced pricing for Pakistan.

“Oil shipments to Pakistan have begun.” “There is no special discount; it is the same for Pakistan as it is for other buyers,” Russian state media cited the minister as saying to reporters on the sidelines of an international business conference in St. Petersburg.

The Russian energy minister continued on to say that Islamabad and Moscow have yet to execute a deal for the shipment of liquefied natural gas to Pakistan. He remarked that “the discussion is about long-term contracts, but so far, we are talking about spot supplies, and spot petrol prices are now high.”

Tags: latestPakistanRussian crude oil
News Publishing

News Publishing

Related Posts

Pakistan, Russia sign Protocol to restore & modernize PSM

Pakistan, Russia sign Protocol to restore & modernize PSM

by News Publishing
July 11, 2025
0

Pakistan and Russia have signed a Protocol to restore and modernize Pakistan Steel Mills (PSM) in Karachi, reaffirming their long-standing...

PSX soars to new high of over 133,000 points in intraday trade

PSX soars to new high of over 133,000 points in intraday trade

by News Publishing
July 7, 2025
0

July 8, 2025: The Pakistan Stock Exchange (PSX) continued its remarkable upward trend on Monday, as the KSE-100 index surged...

Pakistan, Azerbaijan sign $2billion investment agreement

Pakistan, Azerbaijan sign $2billion investment agreement

by News Publishing
July 5, 2025
0

Pakistan and Azerbaijan have signed an agreement for investment worth two billion dollars in diverse sectors of Pakistan's economy. The...

Petrol price increased by Rs8.36 per litre for next fortnight

Petrol price increased by Rs8.36 per litre for next fortnight

by News Publishing
July 1, 2025
0

The Finance Division has announced a significant increase in fuel prices, citing volatility in global crude oil markets. Effective from...

Petrol increase

Petrol Prices Likely to Rise by Rs5/Litre from July 1

by Anum Arif
June 30, 2025
0

ISLAMABAD: Prices of petroleum products in Pakistan are likely to rise by up to Rs5 per litre starting Monday, July...

Pakistan welcomes supplemental award by Court of Arbitration in Indus Waters matter

Pakistan welcomes supplemental award by Court of Arbitration in Indus Waters matter

by News Publishing
June 28, 2025
0

Pakistan has welcomed the Supplemental Award issued by the Court of Arbitration in the ongoing Indus Waters Treaty dispute, affirming...

Next Post

New Ranking of the Pakistan Army in the Global Military Strength Index

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters