After the arrival of Russian oil, Petrol price may reduce by Rs 100/L.
Information Secretary of Pakistan Petroleum, Khawaja Asif Mehmood stated that “after the arrival of Russian oil, Petrol price may reduce by Rs 100 per liter”.
The secretary added that, after the lowering of the price of oil within the worldwide areas, petrol price per liter needs to have already been cheaper in Pakistan as well while conversing with the news.
According to the contract with Russia, Pakistan are certain to get the oil in a reduced price in comparison with the market cost.
The secretary said that Russian oil will reach Pakistan into the week that is 3rd of. The group that is first coming to Pakistan being a trial.
He additionally highlighted that, now, Pakistan has two refineries that will process the inbound oil, while work is needed on other refineries.
The delivery that is to begin Oil will attain Pakistan in the last few days of May or even the very first week of Summer. Pakistan will get a rebate of up to $18 per barrel with this cargo.
This is often a possibility that is promising the Pakistani general public who will be crippled by rising prices.
