Monday, November 28, 2022

Russia is willing to give Pakistan low-cost petrol: CG Fedorov Andrey

Andrey Fedorov, the Consul General of the Russian Federation in Karachi, stated that Russia is willing to provide Pakistan with low-cost petrol if the government of Pakistan makes contact with them.

Andrey Fedorov, the Russian Consul General, stated that it is true that former Prime Minister Imran Khan met with Russian officials in Moscow to discuss the possibility of doing business with Russian oil. Additionally, he indicated that the sanctions against Russia may have an effect on Pakistan’s commercial ties.

In addition, according to the consul general, Russia did not anticipate a speedy resolution to the war it was having with Ukraine. According to Fedorov, Ukraine’s participation in peace discussions with Russia is not taken seriously.

If Pakistan’s leadership makes contact with Moscow, according to the diplomat, Moscow will supply Pakistan with oil at a reduced price.

Hammad Azhar, a former energy minister who is now a leader of the Pakistan Tehreek-e-Insaf (PTI), stated earlier in the day that the current administration is preventing private enterprises from purchasing oil from Russia. 

The former federal minister stated that Bangladesh is also close to an agreement to buy cheap oil from Russia, and he reiterated that the PTI-led government would have purchased oil from Russia in April if they were still in power. 

Hammad Azhar went on to say that the oil firms have earnings of Rs600 billion, while the governments of KP and Punjab are paying Rs100 billion and Rs100 billion respectively. “The government has allocated Rs300 billion for the oil subsidy. This sum could have been saved,” he continued, “if we had been able to get inexpensive oil from Russia.”

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In answer to a question, he stated that the PTI government had initiated dialogue with the Russian Federation in the middle of March. “On March 29, we received a call from Ambassador in Moscow, who informed that Russia was interested in selling oil at a cheaper price,” he added. 

According to the former minister of finance, the “imported” administration is also preventing private enterprises from purchasing oil from Russia. “Even if only 2-2.5% economic growth is accomplished over the course of the following year, it will be a major victory for the government,” he went on to say.

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