Author: Admin

US Seeks Indefinite Control of Venezuelan Oil Sales to Push Political and Economic Change

Admin
energy-sector

Washington: The United States has said it needs to control Venezuela’s oil sales and revenues indefinitely to stabilise the country’s economy, rebuild its energy sector and ensure Caracas acts in line with American interests, according to senior US officials. The remarks underline the central role of crude oil in President Donald Trump’s Venezuela strategy, following the abduction and removal of former leader Nicolás Maduro in a US operation in Caracas last weekend. Speaking at the Goldman Sachs Energy, CleanTech & Utilities Conference in Miami, US Energy Secretary Chris Wright said…

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Cabinet Blocks Increase in Fuel Margins, Links Relief to Full Digitisation

Admin
New-oil-2

Islamabad: The federal cabinet has reportedly halted the proposed increase in profit margins for oil marketing companies (OMCs) and petroleum dealers, earlier approved by the Economic Coordination Committee (ECC), and linked any future increase to complete digitisation of the petroleum supply chain. According to informed sources, the cabinet—chaired by Prime Minister Shehbaz Sharif—did not endorse the ECC’s decision of December 9 to allow an additional Rs2.56 per litre increase on petrol and diesel in two phases. Instead, the prime minister directed that implementation of the increase be made conditional on…

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Nepra Reduces Electricity Tariff by 62 Paise per Unit for Next Six Months

Admin
Power Division

Islamabad: The National Electric Power Regulatory Authority (Nepra) has announced a 62 paise per unit reduction in the national average uniform electricity tariff for a six-month period, effective January 1. According to a notification issued late Wednesday night, Nepra has fixed separate consumer-end tariffs for each distribution company (ex-Wapda Discos), taking into account their individual revenue requirements and allowed transmission and distribution (T&D) losses. For CY26, the national average electricity tariff has been set at Rs33.38 per kWh, compared to Rs34.00 per kWh in the previous year. Several power distribution…

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BYD Retains Global No.1 NEV Position with 4.6 Million Sales in 2025

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Energy-Vehicle

Karachi: BYD, the world’s leading New Energy Vehicle (NEV) manufacturer, has once again secured the global sales championship by delivering over 4.6 million NEVs in 2025, reinforcing its leadership through innovation, quality, and customer trust worldwide. The company also achieved a major milestone in its international expansion, with overseas sales surpassing 1 million units in a single year for the first time, reflecting strong global acceptance of BYD’s advanced mobility solutions. Commenting on the achievement, Lei Jian, Country Head of BYD Pakistan, said 2025 marked a defining year for the…

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Chinese Hoymiles enters Pakistan to launch high-tech storage solutions

Admin
Hari-SUn

Lahore: Renowned Chinese inverter manufacturer Hoymiles has entered Pakistan to provide high-tech, long-duration energy storage solutions for residential, commercial, and industrial buildings utilizing solar systems for electricity consumption. Hoymiles has formed strategic partnerships with Superstar, a renowned name in Pakistan’s automotive industry, and Harisun Energy, a new entrant in the energy solutions sector, to explore the Pakistani market, which is witnessing rapid growth in solar power adoption. In this regard, launch events were held simultaneously in Karachi and Lahore, unveiling multiple storage solutions produced by Hoymiles under the brands of…

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