Category: Recent Post

The new prices of petroleum products will be determined on May 17 this month, as opposed to the regular mid-month date (the 15th), a spokesperson for the Oil and Gas Regulatory Authority (OGRA) said on Saturday. The spokesperson said that due to the May 8-16 curbs and Eid holidays, it was decided that the new prices will be decided on Monday, May 17. The prices of petroleum products, will therefore, continue as previously notified, till May 17. Prices kept constant in Ramadan In a bid to give relief to the…

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The needle finally seems to be moving on the electricity consumption front. Before going all jubilant, mind you, this comes with caveats. First things first, the cumulative power generation of the national grid delivered to the distribution companies has increased by 4.7 percent year-on-year in the 9-month period of the fiscal year so far. What is also encouraging is the fact that electricity generation by March 2021 end recorded the highest ever 12-month moving average at 10.5 billion units. The previous high was recorded in February 2020 as the demand…

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Carved out of the Mianwali district in 1982, Bhakkar district is known for its Thal desert and the gram/chickpeas and moong pulse produced there. The desert, which protrudes into adjoining Khushab and Layyah districts, produces 80 per cent of chickpeas in the country. Spread over 8,153 sq km, the district lies along the left bank of River Indus and is part of the Sindh Sagar Doab. Bhakkar, the headquarters of the district, is an ancient walled town. Various Baloch tribes are in an overwhelming majority in its 1.65 million population.…

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Even as climate change intensifies the call for decarbonisation, the oil and gas sector will play a pivotal role in Singapore, say EY consultants. The oil and gas sector is widely seen as a sunset industry. Write-downs of around US$145 billion (S$193.7 billion) in asset values globally over the first three quarters in 2020 have added to that perspective. Singapore, while not a domestic oil producer, has high stakes in this sector. The country is a global oil trading hub and a major global refining and petrochemicals center, accounting for…

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Pakistan’s intention to use coal for power production through gasification and liquefaction technologies is likely to cause harmful economic impacts and a subsequent increased reliance on fossil fuels in Pakistan, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Author of the report energy finance analyst Simon Nicholas says national policies and plans aimed at the transition to cleaner energy must be informed by the local economic and debt realities, the declining prices of renewable energy technologies like solar, wind and green hydrogen, and cautionary global…

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