Pakistan suspends the import of Russian crude oil because the refining process produced more boiler oil than fuel.
According to the sources, Pakistan Refinery declined to process extra Russian oil because it produced less petrol with 20% more boiler oil than Arabian crude oil.
They stated that the advantages of importing Russian crude oil were limited, with a greater quantity of furnace oil exported at a lower price.
Also read: How much discount Pakistan has received on Russian crude oil?
According to some accounts, Russian oil produced less kerosene and jet fuel for ships, which was detrimental to the country.
Furthermore, despite the urging of the previous state minister for petroleum Musadik Malik, Pakistan Refinery has stopped refining Russian oil for the time being, according to industry insiders.
As Pakistan suspends the import of Russian crude oil, on June 11 and 26, two crude oil ships from Russia arrived at the Karachi Port, after which no Russian oil ships visited Pakistan.
The issue of buying Russian oil has grown in political and diplomatic importance in the last year.
Pakistan kept the exact price of Russian oil and the date of its arrival hidden. The first shipment arrived at Karachi Port on June 11 evening, bringing around 45,000 tonnes.
On June 26, the second ship, carrying approximately 56,000 tonnes of crude oil, anchored at the Karachi Port.
According to experts, only if the prices of Brent crude oil and Arab Light Sea crude oil continue to rise and the cost of Russian oil remains stable will the purchase of Russian oil be beneficial to Pakistan.
However, analysts say that the possibilities of such a scenario are low.
They claimed that another option for resuming crude oil purchases from Russia was for Russia to create a special price reduction for Pakistan.
