Day: June 2, 2023

Growatt Shines at SNEC Exhibition with Top Brand Awards and Cutting-Edge Solutions

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Growatt

Growatt Shines at SNEC Exhibition with Top Brand Awards and Cutting-Edge Solutions June 2, 2023 Growatt, a world-renowned provider of distributed energy solutions, has concluded its successful participation at the SNEC PV Power Expo in Shanghai. The company’s achievements were highlighted by its receipt of the Top Brand PV 2023 award from EUPD Research, along with the showcase of an impressive array of cutting-edge energy solutions. Top Brand PV Awards The Top Brand PV 2023 award further solidifies Growatt‘s leading status in the industry, with a dominant presence in the…

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Inflation rockets to record 38pc in May

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Inflation-rockets

ISLAMABAD/KARACHI: Pak-istan’s inflation rate soared to a new all-time high of 38 percent in May 2023, making it the highest in the region.This remarkable level has not been witnessed in the nation since the commencement of comparable records in 1957. The inflationary surge, which escalated from the previous month’s rate of 36.4 percent, can largely be attributed to an unprecedented increase in food prices. Inflation in the month of May last year was 13.76 percent. Notably, there was a 1.6 percent increase in the consumer price index (CPI) compared to…

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LPG prices slashed by Rs37/kg for June

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Pakistan-LNG

ISLAMABAD: The government on Thursday lowered the prices of liquefied petroleum gas (LPG) by 15.88 percent or Rs37/kg for domestic and commercial consumers for June 2023 over the previous month. The decision comes after Saudi Aramco significantly reduced the prices of propane and butane, which Islamabad imports for local consumption. The revised price for a kilogram of LPG in June will be Rs197, down from Rs243/kg in May 2023. LPG is widely used in Pakistan for cooking purposes in areas where piped natural gas is not available, as well as…

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Pakistan exports record 90,000 tons of fuel oil in May

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oil-export

KARACHI: Pakistan shipped 90,000 tons of fuel oil in May 2023 to reduce a huge stock built up over the last several months amid low demand in the country, industry sources told The News on Thursday. Fuel oil exports reached 250,000 tons in the last three months (March to May), according to the sources, who foresee more exports in the coming days as the consumption of fuel oil has not seen any increase, thanks to an economic slowdown and cold/moderate weather, especially in central and north parts of the country.…

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Oil sales plunge by 40pc inMay amid economic slowdown

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Oil-gains

KARACHI: The month of May witnessed a staggering 40 percent decline in oil sales compared to the same period last year, as the country grapples with an economic slowdown and a surge in the volume of Iranian smuggled petroleum products flooding the market, industry data showed on Thursday. According to sales figures of oil marketing companies, the sale of petroleum products dropped to 1.30 million tons in the month of May compared to 2.17 million tons in the month of May last year. The sale of petroleum products, however, rose…

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