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Pakistan starts importing high grade fuel – Euro V 

06:30 PM | 8 Aug, 2020
Pakistan starts importing high grade fuel – Euro V 

ISLAMABAD - Pakistan State Oil (PSO), the state-owned oil marketing company, has started importing high grade fuel, Euro V Standard Fuel, with an aim to protect the country from climate change and global warming. 

According to spokesperson of Petroleum Division, the process has been initiated under the directives of Prime Minister of Pakistan Mr. Imran Khan and Federal Minister for Energy Omar Ayub Khan.

PSO is first OMC to initiate the process of importing Euro-V petrol. 

This move will enable country to import better quality fuel and primarily aims at protecting the environment from Climate change and global warming. 

Spokesperson adds further that Petroleum Division has formulated policy guidelines for switching of petrol imports to Euro- V specifications from August, 2020 and all imports of diesel will be conformed to Euro- V standard by January, 2021 in order to revolutionise the fuel mix of the country. 

This policy guidelines has been shared with the Oil and Gas Regulatory Authority (OGRA) for implementation and ensuring import of Euro - V Petrol and diesel in line with deadlines set by the federal government. 

Euro-V petrol will help to cut down the Sulphur content to avoid the air pollution but also improve the health of vehicles that have been affected by low-quality fuel. 

The government is encouraging private OMCs to introduce better grade fuel to protect the environment. 

PSO also took the lead in providing electric charging facility at one of its fuel stations in the federal capital which was inaugurated by Omar Ayub Khan last month. 

The Hydrocarbon Development Institute of Pakistan (HDIP) has also set up testing labs for the examination of Euro- V Fuels specifications before OMCs to begin importing the upgraded version of Petrol and Diesel in the country.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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