Category: Recent Post

In dollar terms, petrol and diesel prices have come down over the last four to five months, although international prices have increased over the same period. On February 15, Pakistan’s petrol prices were at $0.729 per litre and diesel prices at $0.703 per litre and on July 12, prices came down to $0.707 per litre for petrol and $0.715 per litre for diesel. The current increase of Rs5.40 and Rs2.54 in petrol and diesel prices respectively has kept price dynamics the same. The lower income group is protesting as it…

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To solve mysteries of the universe, scientists use powerful particle accelerators and detectors. These enormous machines generate millions of particle collisions and petabytes of data every second. The sheer amount of data outpaces the rate at which the detector can transfer it — a growing problem with even more advanced experiments on the horizon. The U.S. Department of Energy awarded Fermilab engineer Farah Fahim, Ph.D., an Early Career Research Award to work on a solution. She’ll apply the $2.5 million grant to her work, which uses neural networks and machine…

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The government is making all-out efforts to increase the share of renewable energy in the electricity generation by 30 per cent in the next 10 years, a senior government official said on Wednesday. Talking to German Ambassador to Pakistan Bernhard Schlangheck, who called on him, Federal Minister for Energy Hammad Azhar appreciated the recent signing of the implementation agreement for GIZ Pakistan’s Renewable Energy and Energy Efficiency II (REEE II) project worth 8.1 million euros, and said that the cooperation between Pakistan and Germany in the energy sector has witnessed considerable growth.…

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In an alarming development, the local gas production in the country has tumbled by 10 per cent in 2019-20 to 2,138 BCFD (billion cubic feet gas per day) from 2.379 BCFD last year (2018-19) whereas the gas consumption has declined by 6 per cent to 3,714 MMCFD from 3,969 MMCFD during the same period. According to the OGRA’s State of the Regulated Petroleum Industry Report for the fiscal year 2019-20, issued here on Wednesday, the natural gas production has gone down by 10 per cent in 2019-20. The deficit between…

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The consumption of petroleum products in the power sector declined 43 per cent, whereas the demand and supply gap between gas production and consumption is likely to increase three times in the next 10 years. According to a report “State of the Regulated Petroleum Industry 2019/20”, released by the Oil and Gas Regulatory Authority (Ogra), the oil sector of the country has faced major challenges due to unprecedented crisis emanating from the Covid-19. The import of crude oil and petroleum products declined 26.42 per cent and 7.60 per cent, respectively,…

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