Palestinians uncertain as FIFA, UEFA step in to save soccer pitch from Israeli demolition    House panel votes to hold Clintons in contempt in Epstein probe    Trump backs off tariffs threat, says Greenland deal framework reached    Saudi Arabia signs agreement with World Economic Forum to accelerate industrial transformation    Over 78 million faithful visit Two Holy Mosques in a month    Saudi FM meets British, French counterparts in Davos    Northern Saudi cities record coldest temperatures of winter as mercury drops to –3°C    Arab coalition condemns deadly attack on Giants Brigades commander in Yemen    Sha'ban crescent sighted Tuesday    Saudi POS transactions reach 236 million, SR4bn in one week    Al-Khateeb highlights Saudi-UN partnership to shape quality of life in future cities    122 million tourists spend SR300 billion in Saudi Arabia in 2025    Italian fashion legend Valentino dies at 93    Saudi orchestra brings 'Marvels of Saudi Orchestra' to AlUla with 107 musicians    Katy Perry makes Saudi debut at Joy Awards, praises Saudi design and hospitality    Hail wins Guinness World Record with largest off-road production cars convoy    SFDA approves registration of 'Anktiva' for treatment of bladder and lung cancer    Saudi Darts Masters 2026 to offer record $200,000 prize for nine-dart finish    Al Taawoun condemn "repeated refereeing injustice" after late penalty defeat    British boxer Anthony Joshua discharged from hospital after Nigeria car crash    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



KAPSARC assesses impact of COVID-19 on transport and gasoline
Published in The Saudi Gazette on 11 - 06 - 2020

The King Abdullah Petroleum Studies and Research Center (KAPSARC) assessed the impact of COVID-19 on transport and gasoline demand, and its role in reducing gasoline prices in Saudi Arabia, issued recently by the center in two Instant Insight publications.
In these publications, the center explores how a pandemic can change the entire transport sector, and how to help policymakers mitigate the negative impacts of the crisis.
The paper entitled "The Impact of COVID-19 on Transport and Gasoline Demand" revealed that the transport sector demand has declined globally by at least 50%, due to the closures that the world has witnessed, in order to reduce the spread of the pandemic.
Apple Maps Mobility Trends Reports showed a decrease in public transport demand globally by 75% to 80%.
KAPSARC's study predicted that the corona pandemic will change the entire transport sector and passenger transport methods in particular, such as imposing new procedures for the number of people allowed to enter public transport areas, and the possibility of suspending the options of sharing trips in mobility applications, in addition to the adjustments made to taxis, such as putting a movable barrier to separate drivers and passengers.
The paper emphasized the crucial role of the digital economy in mitigating the impacts of this crisis, as policymakers can benefit from digital technologies and solutions to help the most vulnerable companies, whose situations are likely to be more difficult.
In another Instant Insight, KAPSARC attributed the decrease in gasoline prices in the Kingdom last month to the decline in global economic activity, due to the spread of COVID-19, and the significant decrease in global demand for petroleum products.
The paper entitled "Why Did Domestic Gasoline Prices Fall in Saudi Arabia?" showed that local gasoline prices in the Kingdom are in line with global prices, which was the reason for the slight increase with the start of mitigating the closures to decrease the spread of COVID-19, and the return of economic activities to normality.
Through Instant Insights, KAPSARC seeks to analyze the current issues and important topics in the fields of economics, energy, and environment locally and globally, and help decision-makers in assessing their impacts on the macroeconomic and global markets.
The center made progress in the list of the best research centers regionally and globally, as it jumped 14 ranks in the ranking of the Middle East and North Africa research centers. It ranked 15th out of 103 research centers regionally, and 13th out of 60 research centers specializing in energy policy globally. — SG


Clic here to read the story from its source.