@cast_awayyyy We dont buy WTI so its per barrel price is irrelevant to us.We Buy Arab Light Crude Oil and its currently trading at 83$ per barrel plus there is 15$ premium per barrel thus making total per barrel buying price = 98$.
Prior to War Oil was 67-69 plus 2$ premium per barrel.
@Baghi_Walo Petrol was 67$ per barrel jb petrol 268 per thaaa.
Today its 83$ per barrel ( arabian light ) plus a premium of 15$ on every barrel thus total equals 98$.
Back then premium was 2$
@abdullajavaid21 We dont buy WTI crude oil so its irrelevant when it comes to us fixing oil prices. We buy Arabian Light Crude oil which is around 83$ per barrel plus an extra premium of 15$ per barrel which was 2$ prior to this war. I short the oil we’re getting is 98$ per barrel as of now.
@lostguy79@realrazidada Hmara wala Brent nahi Arabian Light Crude Oil haii price set krna ka benchmark
Arabian Light Crude Oil is time 87$ per barrel hai plus 15$ premium to total 102$ me mil rha hme. War sa phle shaid 2$ tha premium
@MidnightVision5@clashreport No,it doesn’t work like that.
Its a premium cost that you have pay per barrel.Its an additional cost above the market price of oil.
Like if market price of oil is 100$ per barrel then you have to pay an extra 20$ above that price total 120$
@Hope78786@NaureenJanjua We have only two refineries that can process Russian Oil. We can buy but its not feasible for us. Our refineries are for light crude oil whereas Russian oil is heavy crude oil. We received 100K ton of Russian Crude Oil back in 2023 as an experiment but took 2 months to process it
@ustaanijee@NaveerBinRazi We’re not buying at cheap prices and we don’t have that kind of infrastructure to refine russian crude oil. We once got a shipment of 100k Ton of Russian Crude oil and it took us almost 2 months to process that oil only. We cannot refine Russian oil in big quantity.