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.
Alhamdolillah! ???? https://t.co/c5q7AekPue— Maryam Nawaz Sharif (@MaryamNSharif) May 31, 2023
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.
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)
|UK Pound Sterling||GBP||353.3||357|
|Hong Kong Dollar||HKD||37.93||38.28|
|New Zealand Dollar||NZD||174.58||176.58|
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.
|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|