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.
Petroleum Products Prices— Ishaq Dar (@MIshaqDar50) April 30, 2023
from 01 May to 15 May‘23:
Reductions per litre :
High Speed Diesel Rs 5
SuperKerosene Oil Rs 10
Light Diesel Oil Rs 10
Petrol —No change
New Prices per litre:
Petrol Rs 282
HighSpeed Diesel Rs 288
KeroseneOil Rs 176.07
Light Diesel Rs 164.68
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.
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.
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.
|UK Pound Sterling||GBP||358.5||362|
|Hong Kong Dollar||HKD||36.24||36.59|
|New Zealand Dollar||NZD||173.44||175.44|
KARACHI – Gold continues to move upward in local market amid surge in international rates.
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.
|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|