International

Moscow to provide oil to Islamabad at discounted rates: Pakistan

Prime Minister Shehbaz Sharif meets Russian President Vladimir Putin on the sidelines of the SCO summit in September 2022. [Photo Pakistan PM’s Office]

Russia will provide oil, gasoline, and diesel to Pakistan at a discounted price, the Pakistan minister of state for petroleum, Musadik Malik, announced, days after he led a government delegation to Moscow to negotiate the deal.

He did not specify the price of the discounted oil or whether the imports would comply with the $60 per barrel price cap imposed by the EU and G7 nations on Russian seaborne oil starting this week, Russian TV network RT reported.

Speaking to reporters, Malik said that the talks with Moscow turned out “more productive than expected.”

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