Pakistan just became the latest country to snap up cheap Russian oil

Thu, 04/20/2023 - 07:03

An employee of a petrol station updates the latest fuel prices on a board in Karachi on February 16, 2023, after a hike in prices of petroleum products by the government. — Pakistan has placed it first order for discounted Russian oil, according to Reuters.
Asif Hassan/AFP

Barrels of Russian oil trade for $15 less than other benchmarks as the Ukraine war weighs on prices.
Pakistan just placed its first order for the cheaper crude, its petroleum minister told Reuters.
It joins China and India in moving to snap up Russian oil at a discount.

Pakistan has placed its first order for Russian oil since the war with Ukraine began, becoming the latest country to snap up Moscow's crude at a discount.