Islamabad: The process of offloading from the oil tanker coming from Russia is going on and so far 6000 barrels of oil have been unloaded from the ship.
According to the information coming from the sources of the Ministry of Petroleum, the payment for the oil purchased from Russia has been made in Chinese currency instead of dollars under the agreement.
Ministry sources say that the prices of petroleum products in Pakistan will be lower with Russian oil and they are likely to decrease by 30 to 40 rupees per liter.
According to the sources, the first batch of 45 thousand tons of oil will be refined in the PRL refinery, in which PARCO will also contribute, Russian oil will come to the market in the next two weeks.
read more: “Transfer of Russian crude oil to Pakistan refinery will be completed in 30 hours”
Pakistan and Russia have initially signed an agreement for 100,000 barrels of oil, after the results of the first shipment, 700,000 barrels of oil will come to Pakistan.
Also read: The first batch of crude oil from Russia reached Karachi port
The effects of price relief from Russian oil are likely to come through July 1.
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