Pakistan has paused its Russian crude oil imports due to a refining outcome that produced more furnace oil than petrol. Meanwhile, the country is in talks with Russia to secure a long-term oil import deal at reduced rates. Energy sector insiders mentioned that the yield of jet fuel and diesel from Russian oil was lower than expected, making it less advantageous for Pakistan.
It’s been disclosed that Pakistani refineries are now less inclined to process Russian oil since it yields about 20% less petrol than Arab crude oil. Despite reports suggesting that Pakistan imported approximately 100,000 tons of Russian crude oil, Pakistan Refinery has denied this.
Nevertheless, the energy sector remains optimistic, noting they’ll consider Russian crude oil imports again if favourable trade conditions arise.