Author: Admin

Energy Crisis Shifts Focus to Renewables, Nuclear and EVs

Admin
New-Project113

ISLAMABAD: As the global fuel crisis intensifies amid the US-Israel-Iran conflict, countries including Pakistan are accelerating plans to transition towards renewable energy, nuclear power, and electric vehicles (EVs) to reduce dependence on oil. Disruptions in the Strait of Hormuz—through which nearly 20% of the world’s oil and LNG supplies pass—have driven crude prices above $100 per barrel, with petrol in Pakistan crossing Rs300 per litre. The surge has triggered widespread economic strain, forcing reduced office operations and closure of educational institutions. With fuel shortages worsening, EVs and e-bikes have emerged…

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Trump Floats Peace Plan as Iran Eases Hormuz Passage for ‘Non-Hostile’ Vessels

Admin
Donald-Trump

US President Donald Trump has sent a proposed peace plan to Iran, expressing optimism about ending nearly a month-long conflict, as Tehran signalled limited de-escalation by allowing “non-hostile” vessels to transit the strategic Strait of Hormuz. Speaking at the White House, Trump confirmed that negotiations with Iran were underway, hinting at a positive development linked to the Strait, though he did not disclose details. Shortly afterward, Iran, via the International Maritime Organization, assured safe passage for vessels not deemed hostile—offering relief to global energy markets. The Strait of Hormuz, which…

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Govt Weighs Fuel Price Unfreeze as Global Surge Intensifies Pressure

Admin
Petrol-Price

ISLAMABAD: The government is considering unfreezing petrol and diesel prices amid a sharp rise in global fuel costs, while exploring targeted subsidies for vulnerable segments such as two- and three-wheeler users. Despite keeping petrol and high-speed diesel prices unchanged in recent weeks, authorities have quietly increased rates of jet fuel (JP-1) and kerosene. Official figures show JP-1 prices surged by Rs84 per litre to Rs472, marking a nearly 150% increase since early March, while kerosene rose by Rs71 per litre to Rs429, up 127% over the same period. The price…

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Qatar Energy Declares Force Majeure on LNG Contracts Amid Supply Disruptions

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Qatar-Energy

DOHA: QatarEnergy has declared force majeure on several long-term liquefied natural gas (LNG) supply contracts, citing disruptions affecting its delivery commitments. The move impacts key international buyers, including customers in Italy, Belgium, South Korea, and China. Force majeure, a contractual clause that allows suppliers to suspend obligations due to unforeseen circumstances, signals significant strain on global LNG supply chains amid ongoing geopolitical and market volatility. The development is expected to heighten concerns among importing nations already facing tight energy markets, potentially leading to increased competition for alternative LNG cargoes and…

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OMAP Warns of Fuel Supply Risks, Urges Immediate Policy Reforms

Admin
New-Petrol-1

LAHORE: The Oil Marketing Association of Pakistan (OMAP) has raised serious concerns over fuel supply stability, urging the government to take immediate policy action to address challenges posed by the current Price Differential Claims (PDC) mechanism. In letters addressed to Ali Pervaiz Malik and the chairman of Oil and Gas Regulatory Authority (OGRA), OMAP Chairman Tariq Wazir Ali termed the situation in the downstream petroleum sector as “increasingly unsustainable.” While acknowledging government efforts to maintain fuel price stability amid regional geopolitical tensions, OMAP highlighted that PDC levels have surged to…

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