Jamaat-e-Islami (JI) has challenged the hike in gas meter rent in the Islamabad High Court (IHC), ARY News reported on Wednesday. In April, the Oil and Gas Regulatory Authority (OGRA) increased the monthly rent for gas meters from Rs40 to Rs500 following a recent hike in gas tariff.
Read MoreMonth: May 2023
Oil Demand In Transport Sector May Drop By Up To 50% By 2050
With the global energy transition in full swing, few clean energy sectors, if any, are expanding faster than the electric car market. A decade ago, a grand total of 130,000 EVs were sold globally; fast forward to the present, and nearly a similar number are sold in just a week.
Read MoreChina’s Commodity Imports Are Under Pressure
Futures are limping lower after overnight China reported that export growth moderated from 14.8% in March to 8.5% in April, slightly better than market expectations, and unchanged from the 1Q23 average, while Imports unexpectedly collapsed, badly missing expectations.
Read MoreTurkey Defers $600-Million Payment For Russian Energy To 2024
Turkey has opted to defer until 2024 as much as $600 million in payments to Russia for natural gas deliveries, anonymous sources told Reuters on Wednesday. Last week, Turkey’s Energy Minister Fatih Donmez said that the country had reached a deal with Russian gas giant Gazprom to defer part of the payments
Read MorePakistan, Iran to Revive Gas Pipeline Project
Pakistan and Iran on Wednesday agreed to explore new avenues of collaboration in the fields of aviation including direct flight, revival of gas pipeline project and expansion of trade between the two nations.
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