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No relief for Pakistanis as govt keeps prices of petrol, diesel unchanged for November

09:15 AM | 1 Nov, 2023
No relief for Pakistanis as govt keeps prices of petrol, diesel unchanged for November
Source: File Photo

ISLAMABAD – The interim government has kept fuel prices unchanged against the expected price cut in light of rupee appreciation.

Kakar-led government decided on Tuesday to keep the price of petrol same as of late October while slashing the rate of Kerosene and light diesel slightly with effect from November 1, 2023.

Ministry of Finance issued a notification, in which it notified that prices of petrol and high-speed diesel would be same and the rates of kerosene oil and light diesel oil cut by Rs3.82 per liter and Rs3.40 per litre respectively.

For the first two weeks of November, the price of petrol will stay at Rs283.38 per liter, and high-speed diesel at Rs303.18 per liter.

With the little price drop, the kerosene oil price has decreased from Rs214.85 to Rs211.03 per liter. Meanwhile, light diesel’s new rate has been set at Rs189.46 per liter.

Kerosene oil is used for cooking purposes in several regions, especially in the hilly areas where LPG is not available.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 29 Feb 2024

Pakistani rupee remains stable against US dollar in the open market on February 29, 2024 (Thursday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.1 for buying and 282.35 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 352 for buying, and 355.5 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 74.3.

Today’s currency exchange rates in Pakistan - 29 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.1 282.35
Euro EUR 303 306
UK Pound Sterling GBP 352 355.5
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.3 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.11 751.11
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.69 41.09
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 907.32 916.32
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36 26.66
Omani Riyal OMR 725.68 733.68
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317.76 320.26
Thai Bhat THB 7.76 7.91

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