Author: Admin

Oil Prices Rise on US Tariff Relief Hints, Stronger China Crude Imports

Admin
Oil prices

BEIJING: Oil prices edged higher on Tuesday, buoyed by signals of possible US tariff exemptions and a rebound in China’s crude oil imports, which offset broader market uncertainty. Brent crude futures rose by 12 cents, or 0.2%, reaching $65 per barrel by 0350 GMT. US West Texas Intermediate (WTI) crude also climbed 13 cents, or 0.2%, to $61.66 per barrel. Investor sentiment improved after US President Donald Trump suggested possible relief on auto tariffs and granted exemptions on certain electronic goods, including smartphones and computers, largely imported from China. “These…

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BC Reshapes the Future:LONGi Launches Upgraded Hi-MO 9 Module with Industry-Leading 24.8% Efficiency

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New-Longi1

April 14, 2025 — LONGi Green Energy Technology, a global leader in solar innovation, unveiled the upgraded Hi-MO 9 module powered by its HPBC 2.0 technology in Anhui, China. Since its debut last year, the Hi-MO 9 module has earned global acclaim for its excellent power generation performance. The latest iteration achieves a groundbreaking 24.8% conversion efficiency and a maximum power output of 670W, outperforming mainstream TOPCon modules by 40W in mass production. This advancement positions Hi-MO 9 as a transformative force for enhancing photovoltaic power plant value worldwide. Full-Scenario…

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Govt Weighs Relief Measures for Refineries Amid Falling POL Prices

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petrol-price

ISLAMABAD: As petroleum prices continue to decline, the government is considering measures to support struggling oil refineries, which have reported losses of Rs13 billion during the first nine months of the current fiscal year due to sales tax exemptions, shrinking margins, and inventory losses. According to senior officials at the Petroleum Division, two key proposals are under review: increasing the Inland Freight Equalisation Margin (IFEM) by Rs4.60 per litre on petrol and diesel, or imposing a 3–5% sales tax on petroleum products. The former option would redirect a portion of…

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Petrol Price Likely to Drop by Rs8.27/Litre, Diesel by Rs6.96 from April 16

Admin
Petroleum-prices

ISLAMABAD: Consumers can expect significant relief in fuel prices from April 16, as petroleum product rates are projected to decrease for the upcoming fortnight. The anticipated cut is attributed to a nearly seven percent drop in global oil prices, influenced by newly imposed tariffs under the Trump administration. According to preliminary calculations, the price of petrol is expected to decline by Rs8.27 per litre, bringing it down to Rs246.36 from the current Rs254.63. Similarly, high-speed diesel (HSD) may see a reduction of Rs6.96 per litre, falling to Rs251.68 from Rs258.64.…

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Dispute Persists Between Power Division and KE Over Jamshoro Plant’s Conversion to Thar Coal

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Thar-coal

ISLAMABAD: The ongoing disagreement between the Power Division and K-Electric (KE) regarding the conversion of the Jamshoro Power Plant from imported to indigenous Thar coal remains unresolved, with both parties clashing over the interpretation of committee meeting minutes, sources told Business Recorder. The contention revolves around the Bankable Feasibility Study (BFS) for the conversion. KE claims that the minutes circulated from the fifth committee meeting on March 25, 2025, do not accurately capture its concerns or the procedural clarity it had provided. KE emphasized the importance of initiating the technical…

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