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Pakistan's Energy Market & Business Circles Updates

Engine oil prices are on the rise

Engine oil prices are on the rise

The prices of engine oil brands are expected to change in the coming days. The government has announced a 10% increase in the import duty on petroleum products, which will take effect from August 25, 2023. This is likely to lead to an increase in the prices of engine oils, as they are imported products.

The exact amount of the…

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Oil prices are on track for their seventh straight weekly gain

Oil prices are on track for their seventh straight weekly gain

Oil prices are on track for their seventh straight weekly gain, the longest such streak since 2022. This is being driven by a number of factors, including:

 The International Energy Agency (IEA) has forecast that global oil demand will hit a record 103 million barrels per day in August. This is being driven by strong economic growth in the United States and China, as well as the reopening of economies around the world.

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Products that can be made from petroleum?

Products that can be made from petroleum?

Petroleum is a complex mixture of hydrocarbons that can be refined into a wide variety of products. The top 5 products made from petroleum are:

Gasoline (46%): Gasoline is the most common product made from petroleum. It is used to fuel cars, trucks, and other vehicles.

Heating oil/diesel fuel (20%): Heating oil and diesel fuel are used to heat homes and businesses and to power trucks, buses, and other heavy equipment.

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Which one has a major impact:  renewable energy or energy efficiency?

Which one has a major impact: renewable energy or energy efficiency?

Both renewable energy and improving energy efficiency have major impacts on our energy future. However, I would say that improving energy efficiency has a greater impact in the short term.

 

Here are some reasons why:

It is more cost-effective. The cost of energy efficiency measures has been declining for years, and they are now often cheaper than the cost of building new power plants. For example, the cost of installing energy-efficient…

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Global energy crisis: Russia-Ukraine war impact

Global energy crisis: Russia-Ukraine war impact

The 2022 oil crisis is a global energy crisis that began in 2021 and has been exacerbated by Russia's and Ukraine’s war in February 2022. The crisis is caused by a combination of factors, including:

The COVID-19 pandemic: The pandemic caused a sharp drop in energy demand in 2020, which led to a decrease in oil production. As economies have reopened, oil demand has rebounded, but production has not kept pace.

The war in…

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How often should I change the engine oil in a car?

How often should I change the engine oil in a car?

The frequency of engine oil changes depends on various factors, including the vehicle's make and model, the type of engine oil used, driving conditions, and the manufacturer's recommendations. In the past, the common practice was to change engine oil every 3,000 kilometers. However, modern vehicles and improved engine oil formulations have extended the recommended oil change intervals.

Most vehicles today, especially those using synthetic engine oils and adhering to API SP or API SN service categories, can go…

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Renewable Energy Business in Pakistan: Growing Demand and Opportunities

Renewable Energy Business in Pakistan: Growing Demand and Opportunities

Pakistan is a country with a growing population and a rapidly expanding economy. This has put a strain on the country's energy infrastructure, which is heavily reliant on imported fossil fuels. In order to meet its growing energy needs and reduce its reliance on imported fuels, Pakistan is increasingly turning to renewable energy sources.

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