Month: May 2020

Good news! Global emissions will fall eight percent this year due to COVID-19

Admin

COVID-19 is expected to cause global energy emissions to fall a record eight percent this year due to an unprecedented drop in demand for coal, oil, and gas, the International Energy Agency said Thursday. The IEA’s Global Energy Review was based on an analysis of electricity demand over more than 100 days, during which much of the world has entered lockdown in a bid to control the pandemic. It predicted that global energy demand would fall six percent in 2020 — seven times more than during the 2008 financial crisis…

Read More

Oil prices surge on last day of roller-coaster month

Admin

Oil prices jumped on Thursday, as signs the US crude glut was not growing as quickly as many had feared brought an upbeat close to one of the most volatile months for oil trading in history. Fuel demand worldwide slumped about 30% in April. Even after major oil producers led by Saudi Arabia agreed to slash production by nearly 10 million barrels per day (bpd), US crude futures closed on April 20 at a record low in negative territory. That collapse in US West Texas Intermediate (WTI) futures made traders…

Read More

LPG price goes up in Pakistan for May 2020, notifies OGRA

Admin
LPG-price

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) on Thursday increased Liquefied Petroleum Gas (LPG) prices in the country for the month of May 2020, ARY NEWS reported. According to a notification issued today, the per kilogram prices of the LPG was raised by Rs 21.65 which would increase the price of LPG cylinder by Rs 255.51. The new rates for the 11.8 kilogram domestic cylinder were fixed at Rs 1322.90 for the month of May, raising it from Rs 1067.39. The announcement came soon after the federal government has made…

Read More

PM directs improvement in living standards of common people

Admin

Prime Minister Imran Khan has expressed the resolve to chalk out a comprehensive vision to improve living standard of common people and to bring people out of poverty. Addressing a ceremony in Islamabad on Thursday, he said self-belief is panacea for development, progress, and self-reliance. He said we have to go towards knowledge economy, education, science and technology to get a dignified place among comity of nations. The Prime Minister said COVID-19 crisis provided an opportunity to produce locally manufactured ventilators and other protective equipment as everything cannot be imported.…

Read More

KE offers instalment plan for ISPA arrears to facilitate industries

Admin

KARACHI: In the light of current Covid-19 crisis and the resulting unprecedented situation, K-Electric, on the request of industrial consumers, extended relief to the industrial sector by deferring the collection of Industrial Support Package (ISPA) arrears till April 30. The power utility said, in line with the Ministry of Energy’s directives, Industrial Support Package (ISPA) arrears for the period July-Dec 2019 were applicable in March 2020. In a statement KE said in continuation of this relief, KE without prejudice to its rights, further offers the option of instalments for ISPA…

Read More