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Pakistan keeps petrol price unchanged, drops diesel by Rs7 per litre

08:35 AM | 1 Dec, 2023
Pakistan keeps petrol price unchanged, drops diesel by Rs7 per litre

ISLAMABAD – The interim federal government on Thursday upheld the petrol price at Rs281.34 per litre for the next two weeks.

However, there have been significant reductions in other fuel prices, with high-speed diesel (HSD) seeing a cut of Rs7 per litre, while kerosene oil decreased by Rs3.82 per litre. Light diesel oil also saw a decrease of Rs4.52 per litre.

Caretaker Prime Minister Anwaar-ul-Haq Kakar sanctioned the revised fuel prices, which will come into effect from midnight Thursday and persist until December 15. The country revises fuel rates every fortnight, considering the fluctuating international energy market prices and the rupee-dollar exchange rate to mitigate the impact on domestic consumers.

Earlier, on November 15, the interim government had reduced petrol and diesel prices by Rs2.04 and Rs6.47 per litre, respectively.

All petroleum products are currently exempt from general sales tax (GST), while the petroleum levy (PL) on petrol and diesel stands at Rs60 per litre.

Diesel, extensively used in transportation and agriculture, experiencing a price reduction, is expected to help alleviate inflationary pressures.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 20 Feb 2024

Pakistani currency remained largely stable against US dollar and other currencies in the open market on February 20, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.05 for buying and 282.1 for selling.

On Tuesday, Euro stands at 301 for buying and 304 for selling while British Pound rate stands at 352.4 for buying, and 355.4 for selling.

UAE Dirham AED hovers at 76.55 whereas the Saudi Riyal saw slight increase, with new rates at 74.2.

Today’s currency exchange rates in Pakistan - 20 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.05 282.1
Euro EUR 301 304
UK Pound Sterling GBP 352.4 355.4
U.A.E Dirham AED 76.55 77.25
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 180 182
Bahrain Dinar BHD 743.12 751.12
Canadian Dollar CAD 206.5 208.5
China Yuan CNY 38.84 39.24
Danish Krone DKK 40.24 40.64
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.48 3.59
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 906.33 915.33
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 170.1 172.1
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.75 733.75
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 207
Swedish Korona SEK 26.85 27.15
Swiss Franc CHF 315.64 318.14
Thai Bhat THB 7.93 8.08

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