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Here’s how much petrol price is likely to go down in Pakistan

05:19 PM | 10 Dec, 2023
Here’s how much petrol price is likely to go down in Pakistan
Source: File Photo

ISLAMABAD – The price of petrol and diesel is likely to be revised in line with fluctuations in the local currency and changes in global oil prices.

The caretaker government is likely to cut the price of petrol and diesel for second half of December 2023, with expected drop is somewhere around Rs15 per litre.

Reports in local media said a significant reduction in fuel prices in light of dip in global oil prices that contributed to potential relief for Pakistanis, who are facing inflation amid an economic crisis.

Globally, the price of petrol per barrel moved down by $5.49 to $94.95, and diesel plunged by $5.13 to $100.05.

As of early Dec, petrol price stands at Rs 281.34 per litre for petrol and Rs 289.79 per litre for diesel.

The government will make a final decision on December 15, and the new prices will be implemented from December 16.

Kakar led is looking to tame inflation with fuel price cuts and price-control mechanism. The country is moving to economic recovery under a caretaker government after the country averts debt default, and cut in fuel prices will aid in inflation control.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 17 April 2024

Pakistani currency saw minor adjustment against global currencies on April 17, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293.15 for buying and 296.1 for selling while British Pound stands at 344.25 for buying, and 347.6 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 17 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.4 280.4
Euro EUR 293.15 296.1
UK Pound Sterling GBP 344.25 347.6
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 911.26
Malaysian Ringgit MYR 58.24 58.84
New Zealand Dollar NZD 164.75 166.75
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.07
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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