Russia said- ready to give oil to Pakistan: If demand comes, we will give it at a lower price; PAK has 11 days oil reserve

Russian Ambassador to Pakistan Albert Khorev said on Wednesday that Russia is fully ready to provide cheap oil to Pakistan. However, no official demand has come from Pakistan yet. He says that if Pakistan itself comes forward and talks, then Russia can supply oil to it at a lower price. According to Express Tribune, Pakistan’s Petroleum Secretary told the country’s parliamentary committee that at present the country has only 11 days of crude oil left. Apart from this, diesel is available for 21 days, petrol for 27 days, LPG for 9 days and jet fuel for about 14 days. Due to the ongoing war in the Middle East, supplies have been affected, which has increased the concern. Pakistan is talking to Iran to bring oil from Hormuz. The government is talking to Iran to get permission to bring oil from Hormuz Strait. If approval is granted, four Pakistani ships can bring oil through this route. Also, officials have warned that after April 14, there may be a huge shortage of gas in the country, because the supply of LNG has also been affected. About 70% of Pakistan’s oil comes from the Middle East, but shipping routes and supply chains have been affected due to the war. Oil prices have also increased rapidly. The price of diesel has increased from $88 to $187 and petrol has increased from $74 to $130. Where earlier oil used to reach India in 4-5 days, now it is taking about 12 days to reach via the Red Sea. Gas supply coming from Qatar stopped in Pakistan. Officials also said that the gas supply coming from Qatar has almost stopped. Of the 8 LNG cargoes that were supposed to arrive in March, only 2 arrived, while in April too, more than half of the cargoes may not arrive. In such a situation, the supply of gas may decrease and the government is considering saving gas for domestic use. To handle the situation, the Pakistani government has decided to give a subsidy of 23 billion Pakistani rupees, which will be given to about 3 crore people driving motorcycles and rickshaws. This money will be given from the government’s savings, which have come from the policy of reducing expenditure. The government is monitoring the oil stock daily. The Finance Minister said that the oil supply in the country is fine and people do not need to hoard petrol unnecessarily. The government has also warned that if anyone tries to hoard, strict action will be taken against him. 20% of oil is supplied through Hormuz. Even after the Iran war, the movement of ships through the Strait of Hormuz has not stopped completely. According to the report of news agency AP, since the beginning of the war, about 90 ships have passed through this route, including tankers carrying oil. News agency AP reported that many ships are silently passing through this route without giving any information, so that they can avoid the rules and restrictions of western countries. Recently, some ships belonging to India and Pakistan have also been successful in passing through this route. Due to this war, the price of crude oil has gone above $ 100 per barrel. In such a situation, US President Donald Trump has put pressure on other countries to fully reopen this route so that oil can become cheaper. Hormuz is a very important route in the world, from where about 20% of oil is supplied. After the war, the movement of most ships had reduced and many ships have also been attacked. Yet Iran has sold more than 16 million barrels of oil since March. According to the report, China remains Iran’s biggest buyer. Experts say that despite difficult circumstances, Iran has been successful in selling its oil. UN’s maritime organization will soon hold a meeting on the safety of ships. UN’s maritime organization International Maritime Organization (IMO) is going to hold an emergency meeting soon on the situation in the Gulf area. This meeting has been called because the safety of ships and the people working there is in danger due to war. Many countries will participate in this meeting and big decisions can be taken. Britain, France, Germany and the Gulf countries want Iran’s attacks and attempt to close the Strait of Hormuz to be condemned. At the same time, countries like Japan, Panama, Singapore and UAE want a proper plan to be made to safely rescue stranded ships and sailors. On the other hand, Iran says that America and Israel are responsible for this situation. According to Iran, whatever danger has increased in the sea has happened because of these countries. ————- Also read this news… ‘Jag Ladki’ ship reached India with oil: Arrived at Mundra port of Gujarat with 81 metric tons of oil; Indian flagged oil tanker ‘Jag Ladki’ has reached Adani Ports in Mundra, Gujarat. It has come from Fujairah port of UAE while crossing the Strait of Hormuz. 80,886 metric tons of crude oil is loaded on it. India consumes about 5.5–5.6 million barrels (about 90 crore litres) of oil every day. Read the full news…



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