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No relief for masses as govt keeps petrol price unchanged until May 15

10:41 AM | 1 May, 2023
No relief for masses as govt keeps petrol price unchanged until May 15
Source: File Photo

ISLAMABAD – The federal government has announced to keep petrol and high-speed diesel prices unchanged for the next fortnight despite reports that petroleum prices might go down.

In late night tweet, Finance Minister Ishaq Dar announced a slight cut in the price of high-speed diesel but said that the price of petrol will remain unchanged for the next two weeks.

Dar said the price of high-speed diesel will now be Rs. 288 per liter after a lessening of Rs5 and price of petrol will remain same at Rs282 per liter. The price of kerosene oil and light diesel oil has been reduced by Rs10 each.

The kerosene oil price stands at Rs176.07 per liter while the price of light diesel oil is Rs164.68 per liter.

Last month, the Sharif-led government increased the price of petrol by Rs10 per liter. Earlier, there were reports that the cost of gasoline would drop by 4.5 rupees a litre as OGRA sent a summary to the federal cabinet.

Masses already faced several oil price shocks since the ruling alliance government came into power to fulfill its commitment to the international lender.

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Rupee loses ground against US dollar, Euro, Pound and other currencies; Check forex rates here

Pakistani rupee continue to witness further losses against US dollar in the open market on despite positive economic indicators and massive surge in Stock Market.

Dollar Rate in Pakistan Today

On Tuesday, the dollar was being quoted at 285.1 for selling and 288.15 for buying purposes for customers.

Euro price moves down by Rs2 to 312 for buying and 315 for selling. British Pound rate stands at 358.5 for buying, and 362 for selling after increase.

UAE Dirham AED stands at 78 whereas the Saudi Riyal also witnessed fall and new price stands at 76.25.

Today's currency exchange rates in Pakistan - 28 November 2022

Currency Symbol Buying Selling
US Dollar ‎USD 285.1 288.15
Euro EUR 312 315
UK Pound Sterling GBP 358.5 362
U.A.E Dirham AED 78 78.75
Saudi Riyal SAR 76.25 77
Australian Dollar AUD 186 187.5
Bahrain Dinar BHD 759 767
Canadian Dollar CAD 208 210
China Yuan CNY 39.93 40.33
Danish Krone DKK 41.88 42.28
Hong Kong Dollar HKD 36.24 36.59
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.55 1.63
Kuwaiti Dinar KWD 916.38 925.38
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 741.26 749.26
Qatari Riyal ‎QAR 77.63 78.33
Singapore Dollar SGD 210 212
Swedish Korona SEK 26.93 27.23
Swiss Franc CHF 323.37 325.87
Thai Bhat THB 8 8.04

Gold price in Pakistan moves up amid positive global cues; Check today gold price here

KARACHI – Gold continues to move upward in local market amid surge in international rates.

Gold Rates in Pakistan Today - 28 November 2023

On Tuesday, the single tola of 24 Karat gold was available at Rs217,600, and the price for 10-gram gold saw increase of Rs943 to reach Rs186,557.

Globally, yellow metal went up by $12 to settle at $2,015 per ounce.

Last week, per tola gold price increased by Rs800 per tola, and it hovers around two month high.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,600 PKR 2,600
Karachi PKR 217,600 PKR 2,600
Islamabad PKR 217,600 PKR 2,600
Peshawar PKR 217,600 PKR 2,600
Quetta PKR 217,600 PKR 2,600
Sialkot PKR 217,600 PKR 2,600
Attock PKR 217,600 PKR 2,600
Gujranwala PKR 217,600 PKR 2,600
Jehlum PKR 217,600 PKR 2,600
Multan PKR 217,600 PKR 2,600
Bahawalpur PKR 217,600 PKR 2,600
Gujrat PKR 217,600 PKR 2,600
Nawabshah PKR 217,600 PKR 2,600
Chakwal PKR 217,600 PKR 2,600
Hyderabad PKR 217,600 PKR 2,600
Nowshehra PKR 217,600 PKR 2,600
Sargodha PKR 217,600 PKR 2,600
Faisalabad PKR 217,600 PKR 2,600
Mirpur PKR 217,600 PKR 2,600

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