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Petrol price slashed by Rs8 per litre

09:07 AM | 1 Jun, 2023
Petrol price slashed by Rs8 per litre
Source: File photo

ISLAMABAD – The federal government on Wednesday slashed the petrol prices by Rs8 per litre.

The announcement was made by Finance Minister Ishaq Dar during a televised address. Following the decision, the price of petrol has been lowered to Rs262 per litre, reflecting a reduction of Rs8. Similarly, the new price for diesel will be Rs253 per litre, indicating a decrease of Rs5.

These revised prices will take effect from 12am tonight and will remain unchanged for the next two weeks. Minister Dar highlighted that during the month of May, petrol and diesel prices had already been lowered by Rs20 and Rs35 per litre, respectively.

PML-N senior leader Maryam Nawaz took to twitter and shared the news with her followers.

This move by the government comes in response to mounting pressure caused by the previous record-high petrol prices of Rs282 per litre earlier this year and the region's currently highest inflation rate.

While the recent decline in global oil prices has provided some relief, the government continues to face challenges in keeping prices stable due to the depreciation of the rupee. Oil marketing companies (OMCs) had estimated a potential reduction of Rs5 per litre for diesel and petrol. Additionally, there were speculations that the government might maintain the prices of petroleum products unchanged due to the rupee's depreciation.

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on Sept 30, 2023

KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on September 30, 2023 (Saturday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 286.05 289.15
Euro EUR 307 310
UK Pound Sterling GBP 353.3 357
U.A.E Dirham AED 80 80.8
Saudi Riyal SAR 76 76.75
Australian Dollar AUD 189 191
Bahrain Dinar BHD 778.84 786.84
Canadian Dollar CAD 220 222.2
China Yuan CNY 40.24 40.64
Danish Krone DKK 41.83 42.23
Hong Kong Dollar HKD 37.93 38.28
Indian Rupee INR 3.57 3.68
Japanese Yen JPY 1.63 1.71
Kuwaiti Dinar KWD 945.27 954.27
Malaysian Ringgit MYR 62.62 63.22
New Zealand Dollar NZD 174.58 176.58
Norwegians Krone NOK 27.87 28.17
Omani Riyal OMR 762.31 770.31
Qatari Riyal ‎QAR 80.69 81.39
Singapore Dollar SGD 208 210
Swedish Korona SEK 26.62 26.92
Swiss Franc CHF 323.01 325.51
Thai Bhat THB 8.12 8.27

Gold Rate in Pakistan Today – October 1, 2023

Today Gold Rate in Pakistan

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 202,800 on Sunday.

The price of 10 grams of 24k gold was recorded at Rs 173,870.

Likewise, 10 grams of 22k gold were being traded for Rs168,730 while a single tola of 22-karat gold was being sold at Rs196,807.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

Today Gold Price in Pakistan - 1 October 2023

City Gold Silver
Lahore PKR 202,800 PKR 2,420
Karachi PKR 202,800 PKR 2,420
Islamabad PKR 202,800 PKR 2,420
Peshawar PKR 202,800 PKR 2,420
Quetta PKR 202,800 PKR 2,420
Sialkot PKR 202,800 PKR 2,420
Attock PKR 202,800 PKR 2,420
Gujranwala PKR 202,800 PKR 2,420
Jehlum PKR 202,800 PKR 2,420
Multan PKR 202,800 PKR 2,420
Bahawalpur PKR 202,800 PKR 2,420
Gujrat PKR 202,800 PKR 2,420
Nawabshah PKR 202,800 PKR 2,420
Chakwal PKR 202,800 PKR 2,420
Hyderabad PKR 202,800 PKR 2,420
Nowshehra PKR 202,800 PKR 2,420
Sargodha PKR 202,800 PKR 2,420
Faisalabad PKR 202,800 PKR 2,420
Mirpur PKR 202,800 PKR 2,420

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