KARACHI – The oil industry has informed the government about an expected petrol shortage in the coming days due to inadequate imports and limited local availability.
In a letter written to the Oil & Gas Regulatory Authority (OGRA) about the shortage, the Oil Companies Advisory Council (OCAC), a representative body of the oil sector, has informed the regulator about the situation.
The OCAC said that motor spirit/petrol and HSD imports were finalised after extensive deliberation and allowed to oil marketing companies (OMCs) in line with their demand in product availability review of products for the month of November 2022.
Under product review, deficit of 210,000 MT of HSD and 147,000 MT of petrol was worked out. It was highlighted in the meeting that HSD imports in November might be challenging owing to limited availability in the international market and very high premiums; hence so far, only PSO has booked shipments of 220,000 MT & 10,000 MT by Flow Petroleum.
However, it is alarming to note that petrol import corresponding to the anticipated sales volume and stock cover has also not been booked. The import plan should have been finalised by the importers but, so far, there is a deficit in the import plan, the OCAC letter said.
Daily Pakistan Global Web Desk
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 April 01 , 2023 (Saturday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 283.6 | 286.65 |
Euro | EUR | 308 | 311 |
UK Pound Sterling | GBP | 350.5 | 354 |
U.A.E Dirham | AED | 77.2 | 77.9 |
Saudi Riyal | SAR | 75.5 | 76.5 |
Australian Dollar | AUD | 187.5 | 189.9 |
Bahrain Dinar | BHD | 754.25 | 762.25 |
Canadian Dollar | CAD | 206.5 | 208.7 |
China Yuan | CNY | 41.16 | 41.56 |
Danish Krone | DKK | 41.49 | 41.89 |
Hong Kong Dollar | HKD | 36.11 | 36.46 |
Indian Rupee | INR | 3.45 | 3.56 |
Japanese Yen | JPY | 2.25 | 2.3 |
Kuwaiti Dinar | KWD | 924.86 | 933.86 |
Malaysian Ringgit | MYR | 64.14 | 64.73 |
New Zealand Dollar | NZD | 176.37 | 178.38 |
Norwegians Krone | NOK | 27.16 | 27.46 |
Omani Riyal | OMR | 736.57 | 144.51 |
Qatari Riyal | QAR | 77.87 | 78.57 |
Singapore Dollar | SGD | 209.5 | 211.5 |
Swedish Korona | SEK | 27.35 | 27.65 |
Swiss Franc | CHF | 310.26 | 312.76 |
Thai Bhat | THB | 8.29 | 8.44 |
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 209,000 on Saturday.The price of 10 grams of 24k gold was recorded at Rs179,190.
Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.
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.
City | Gold | Silver |
Lahore | PKR 209,000 | PKR 2,525 |
Karachi | PKR 209,000 | PKR 2,525 |
Islamabad | PKR 209,000 | PKR 2,525 |
Peshawar | PKR 209,000 | PKR 2,525 |
Quetta | PKR 209,000 | PKR 2,525 |
Sialkot | PKR 209,000 | PKR 2,525 |
Attock | PKR 209,000 | PKR 2,525 |
Gujranwala | PKR 209,000 | PKR 2,525 |
Jehlum | PKR 209,000 | PKR 2,525 |
Multan | PKR 209,000 | PKR 2,525 |
Bahawalpur | PKR 209,000 | PKR 2,525 |
Gujrat | PKR 209,000 | PKR 2,525 |
Nawabshah | PKR 209,000 | PKR 2,525 |
Chakwal | PKR 209,000 | PKR 2,525 |
Hyderabad | PKR 209,000 | PKR 2,525 |
Nowshehra | PKR 209,000 | PKR 2,525 |
Sargodha | PKR 209,000 | PKR 2,525 |
Faisalabad | PKR 209,000 | PKR 2,525 |
Mirpur | PKR 209,000 | PKR 2,525 |
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