Month: April 2024

Fuel Prices Expected to Rise by Up to Rs8.50 per Litre

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Petrol-price

In response to international market trends, fuel prices in Pakistan are anticipated to increase significantly, with petrol and high-speed diesel (HSD) likely to rise by approximately Rs2.50 and Rs8.50 per litre, respectively, starting Monday, April 15, for the next two weeks. These adjustments come despite a reduction in import premiums and a slight strengthening of the rupee against the dollar. The surge in international market prices, including a $4 increase per barrel for petrol and $4.50 for HSD over the past fortnight, is driving these price hikes. While the import…

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LPG Industry Opposes Government Intervention, Fearing Anti-Competitive Practices

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LPG-Air-Mix-Plant

LPG producers and marketing companies in Pakistan have raised concerns over the government’s proposed intervention in LPG allocation, as outlined in the new LPG Policy 2024. The industry fears that this intervention could lead to anti-competitive practices and undermine the spirit of deregulation. Under the proposed policy, the Petroleum Division suggests allocating up to 10% of LPG production to Sui gas firms and marketing companies for exclusive use in LPG air-mix plants, without a competitive bidding process. Additionally, an extra 5% of production would be dedicated to marketing companies for…

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26 Public Sector Organizations in Pakistan Trained on Solar Power Purchase Agreements

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Solar-Power

In a bid to harness Pakistan’s abundant solar energy potential, the Pakistan Private Sector Energy (PPSE) Project, funded by USAID and implemented by PFAN in partnership with UNIDO and REEEP, conducted a comprehensive training session for public sector entities. Held at Avari Hotel Lahore on March 2-3, 2023, the training focused on Solar Power Purchase Agreements (PPAs) and their role in advancing renewable energy adoption. The training, organized in collaboration with the Punjab Public Private Partnership Authority (PPPA), aimed to equip participants with the knowledge and tools necessary to explore…

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How Air Conditioning Costs Could Be Cut Significantly

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sun-streaming

The days of overheating because of the sun streaming through a window might be no more as scientists have figured out a way to make your windows heatproof. It is achieved using a special window coating that blocks infrared light and ultraviolet light, but lets through visible light, according to a new paper in the journal Cell Reports Physical Science. The solution still lets you see everything out of your window but reduces the heat let in to such a degree that it may reduce air-conditioning cooling costs by more than one-third in…

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California Supreme Court to review rooftop solar net metering

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solar-panels

The state’s highest court granted review to a lawsuit challenging a “regressive” rooftop solar policy called NEM 3.0. A controversial rooftop solar rulemaking decision has risen to the Supreme Court of California, with the state’s highest court granting review for a petition filed by the Center for Biological Diversity. The case involves NEM 3.0, a rate structure that went into effect in April 2023. The California Public Utilities Commission (CPUC) approved a request by the state’s largest investor-owned utilities to cut compensation to customers that export excess solar generation to the grid,…

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