ClydeNoble, Loaded with Crude Oil, Reaches Karachi Port:
The second consignment of affordable oil from Russia has reached Pakistan, boosting hopes for reduced petroleum prices in the country. The oil-laden ship named ClydeNoble recently docked at Karachi Port, carrying a significant quantity of crude oil. The vessel is currently anchored at the port, awaiting finalization of its berthing plan before being installed on the designated oil pier.
Positive Impact Expected on Petroleum Prices if Russian Oil Supply Becomes Regular:
Pakistan eagerly awaits the regular arrival of oil from Russia, as this could potentially lead to a decline in the prices of petroleum products. The successful delivery of the first shipment by the ship Pure Point, which brought 45,000 metric tons of oil, has bolstered optimism regarding the feasibility of sustained oil imports from Russia.
Petroleum Division Dismisses Reports of Rs10 Per Liter Petroleum Levy Increase:
Contrary to circulating reports, the Petroleum Division has refuted claims of an imminent increase in the petroleum levy by Rs10 per liter, effective July 1. Citing official sources within the division, it has been clarified that such speculations are inaccurate and should be disregarded.
Pakistan’s energy sector eagerly anticipates the potential benefits that may arise from the recent arrival of the ClydeNoble ship, loaded with crude oil from Russia. As the vessel waits to be allocated its berth, stakeholders are hopeful that this second consignment marks the beginning of a consistent and cost-effective supply chain. The first shipment, brought in by the ship Pure Point, not only proved the feasibility of importing oil from Russia but also offered a glimmer of hope for reduced petroleum prices in Pakistan.
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Pakistan’s Economy:
The arrival of cheap oil from Russia has the potential to positively impact Pakistan’s economy, as it could lead to a decrease in the prices of petroleum products. With a regular and affordable supply of oil, the burden on consumers could potentially ease, allowing for more disposable income and overall economic stability.
However, it is crucial to note that the Petroleum Division has denied reports suggesting an increase in the petroleum levy by Rs10 per liter, which were expected to be implemented from July 1. According to official sources within the division, these reports are baseless and should not be considered accurate.
As Pakistan awaits the berthing plan’s finalization for the ClydeNoble ship, discussions regarding the logistics and further imports of Russian oil are likely underway. The government, energy sector stakeholders, and consumers are keenly observing the developments, hopeful that this venture will pave the way for sustained and affordable oil imports, ultimately leading to more affordable petroleum prices in the country.
