Russia refuses to give Pakistan 30-40 percent discount on crude oil

Tags: International News

On 1 December, Russia denied Pakistan a 30–40 percent discount on Russian crude oil after the Pakistani delegation demanded a reduction in the price during talks in Moscow.

Important facts

• Earlier this week, a Pakistani delegation demanded oil concessions during talks in Moscow.

• Pakistani officials said that they should also be given oil with a discount of 30-40 per cent on the price like India.

• Pakistan's official delegation was on a three-day visit to Moscow starting on the 29th of November. 

• Russia also promised to consider Pakistan's demand and to share its mind later on through diplomatic channels.

• Russian crude oil can be processed in Pakistan's refineries, and in the past one private refinery had used Russian crude oil to deliver finished products.

• Russia can offer crude at the rates it is providing to its large client countries, which are reliable and sound economies, at a suitable time.