[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]The import of Russian crude oil to Pakistan has been suspended after the refining process revealed that it produced more furnace oil than petrol, according to a report in The News. Pakistan Refinery Limited (PRL) has reportedly refused to process more Russian crude due to the significant imbalance between the types of refined products obtained from it compared to Arabian crude.
Despite the initial expectation that Russian crude would be cheaper, the report suggests that the quantity of furnace oil produced from it is much higher, diminishing the benefits of importing it. Additionally, the production of kerosene and jet fuel from the Russian crude has also been limited.
Also Read: Petrol could drop by Rs 100 per litre after Russian Oil Import
While the import of Russian crude was anticipated to lower petroleum product prices in Pakistan, the imbalance in the refined products has cast doubt on the feasibility of this endeavor. The report suggests that Russian crude may only become economically viable if its prices remain stable while global oil prices rise, though this scenario appears unlikely.
This development highlights the complexities and challenges involved in managing the import and refining of different types of crude oil to meet a country’s energy needs and economic goals.[/vc_column_text][/vc_column][/vc_row]
