Govt decreases petrol price by Rs0.35, increases diesel by Rs5.71 per litre

substantial-rise-prices-petroleum

The government on Monday decreased the petrol price by Rs0.35 and increased the price of high-speed diesel by Rs5.71 per litre, to pass on the impact of fluctuating global prices following renewed regional hostilities in the Persian Gulf. Following the changes, the price of petrol stands at Rs315.80 per litre and that of HSD at Rs360.06. The Petroleum Division’s press release notifying the increase said the new prices would be effective from July 21 (Tuesday). The diesel price has come down from a peak of Rs520.35 recorded on April 3. Its price…

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China’s power use rises 5.3% in H1, showing strong economic activity

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China’s electricity consumption, a key barometer of economic activity, rose 5.3 percent year-on-year to 5.09 trillion kilowatt-hours in the first half of 2026, according to the National Energy Administration (NEA) on Wednesday. Electricity consumption saw an uptick with households consuming more electricity during the summer heat and as the country’s digital industries continued to gain momentum. China’s peak electricity load climbed to a record high of 1.518 billion kilowatts on Friday, a record for the year, according to the National Development and Reform Commission (NDRC), China’s top economic planner.  The…

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Pakistan issues tender for another spot LNG cargo

Pakistan-LNG

Pakistan issued on Tuesday a tender for the spot purchase of another liquefied natural gas (LNG) cargo to help meet the country’s gas demand. Foreign companies asked to submit bids by Wed The international energy companies have been asked to submit bids by tomorrow. The bids will be opened on the same day. Meanwhile, the Pakistan LNG Limited (PLL) said that the tender is for LNG supply scheduled for July 21 and 22 July. Pakistan has already bought three LNG cargoes for July. A cargo for delivery on July 15…

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Oil spike jolts Indian bonds, 10-year yield hits three-week high

Oil spike

MUMBAI: Indian government bonds tumbled on Tuesday, with the 10-year yield hitting a three-week high, as a blistering oil rally after a flare-up in the U.S.-Iran conflict rattled sentiment and prompted investors to cut risk across assets. The benchmark 6.94% 2036 bond yield climbed 6.4 basis points to 6.7945%, its highest since June 24. The rupee weakened 0.61% to 96.20 per dollar while shares in Mumbai fell 0.6%. The 10-year yield rose to as much as 6.8152%, but short-covering towards the end of the session brought it back below the key 6.80%…

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