Cheap oil will start coming in March | Minister of State for Petroleum Musadiq Malik

Pakistan and A cheap crude oil deal will be concluded between Russia

Minister of State for Petroleum Musadiq Malik said that cheap oil will start coming in March, all commercial deals will be signed in March, LNG contract will be marked with Russia for next winter. He said that the final decision regarding the currency of trade with Russia is yet to be taken, talks were started with the Russian delegation 45 days ago, after which it was said that before the end of March, Pakistan and A cheap crude oil deal will be concluded between Russia, the Prime Minister fulfilled his promise.

Musadiq Malik said that before next winter, oil and gas will be available cheaply, and employment to the youth is the top priority of the current government. The Minister of State said that there are abundant LPG reserves in the country, an energy security plan will be established by the end of the year, cheap energy will be available and the import bill will be reduced.

However, this time we asked SNGL and PSO to procure and sell LPG, in this regard 20 thousand tonnes of LPG was procured per month and sold as per OGRA rates.