Category: Popular News

Oil falls more than 1% as OPEC+ to consider another output hike

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LONDON: Oil prices fell 1.5% on Thursday, adding to their more than 2% decline the previous session, as investors awaited a weekend meeting of OPEC+ at which producers are expected to consider another increase in output targets. Brent crude fell 89 cents, or 1.3%, to $66.71 a barrel by 1301 GMT, while U.S. West Texas Intermediate crude shed 85 cents, or 1.3%, to $63.12 a barrel. Eight members of the Organization of the Petroleum Exporting Countries and allies – known together as OPEC+ – will consider further increases to production…

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Switching to renewables: Saif Textile to install 10MW solar power system

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Saif Textile Mills Limited, a local yarn manufacturer, has inked a deal for the installation of a 10-megawatt solar power system, a move aimed at cutting energy costs and boosting profitability. The listed company disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Thursday. “Saif Textile Mills Limited has signed a contract with SkyElectric (Private) Limited for the supply and installation of a 10MW solar power system. “Once this solar power system becomes operational, it is expected to reduce the power cost and thus have a…

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Risen Energy Unveils Sunease Home Energy Storage Solutions at Pakistan

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On August 28, Risen Energy proudly participated in the 2nd International Solar Power Conclave & Awards 2025 in Lahore, Pakistan — the nation’s premier platform for advancing clean energy. The event brought together policymakers, industry leaders, and innovators to shape the country’s sustainable energy future. At the forum, Risen Energy announced the launch of the Sunease Series HESS (Home Energy Storage Solutions) in Pakistan. Designed to address the challenges of frequent blackouts, costly diesel generation, and the limitation of solar energy at night, the Sunease series offers all-in-one energy solutions…

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LPG prices dip

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ISLAMABAD: The average dollar exchange rate has slightly decreased by 0.69 percent, resulting into a decrease in LPG consumer price by Rs.13.89/11.8 kg cylinder (0.54 percent). The per Kg decrease in LPG consumer price is Rs.1.17 for September 2025. The LPG producer price is linked with Saudi Aramco-CP and US$ dollar exchange rate. As compared to previous month Saudi Aramco-CP has remain unchanged. On month to month basis, the domestic LPG cylinder price has decreased by Rs 13.89 as compared with previous month (August). The new price of LPG domestic…

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HSD price cut by Rs3, petrol kept unchanged

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ISLAMABAD: Federal government has announced to keep the ex-depot price of petrol unchanged, while the prices of other petroleum products have slightly reduced for fortnight starting from September 1, 2025. According to a statement released by Finance Division states in view of the recommendations of Oil and Gas Regulatory Authority (OGRA) and relevant ministries, government has decided to maintain the price of petrol at Rs 264.61 per litre. The ex-depot price of high speed diesel (HSD) has reduced by Rs 3 per litre to Rs 269.99 per litre from Rs…

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