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'Petrol price in Pakistan to see big drop from May 16'

09:32 AM | 12 May, 2024
'Petrol price in Pakistan to see big drop from May 16'
Source: File Photo

ISLAMABAD – Petrol and diesel prices in Pakistan are expected to see drop amid fluctuation in global oil prices.

Unofficial reports claim that petrol price is expected to cut by Rs12 per litre, with diesel prices expected to follow suit with a reduction of Rs9.70 per litre.

In global oil market, petrol prices have seen a decline, dropping by $6.32 per barrel to $99.93 per barrel. Similarly, diesel prices have also plunged to $4.97 per barrel, showing a positive trend in the market.

This upcoming price reduction is a relief for many, especially after a similar decrease in petroleum prices was observed on May 1.

Petrol Price in Pakistan

If the government approve the above-mentioned fuel prices, the new rate of petrol will be around Rs276 per litre.

In last fortnight review, Pakistani government slashed petrol price by Rs5.45 to Rs288.49 per litre. High-speed diesel (HSD) price was also been cut by Rs8.42 per litre to Rs281.96.

However, amid these changes, data from the Oil Companies Advisory Committee (OCAC) and Topline Securities reveal a worrying trend in petroleum product sales.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan - Pak Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 25 June 2024

Pakistani rupee rates against US Dollar and other currencies on June 25, 2024 (Tuesday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.5 for buying and 280.65 for selling.

Euro's buying rate stands at 293.5 and selling rate is 297.2 while British Pound rate is 348.5 for buying, and 351.45 for selling.

UAE Dirham AED was at 75.05 and Saudi Riyal at 72.95.

Currency Rates in Pakistan

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.65
Euro EUR 293.5 297.2
UK Pound Sterling GBP 348.5 351.45
U.A.E Dirham AED 75.05 75.85
Saudi Riyal SAR 72.95 73.85
Australian Dollar AUD 182.2 184
Bahrain Dinar BHD 740.58 748.58
Canadian Dollar CAD 203 205
China Yuan CNY 38.35 38.75
Danish Krone DKK 39.91 40.31
Hong Kong Dollar HKD 35.67 36.02
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.9 1.98
Kuwaiti Dinar KWD 907.74 916.74
Malaysian Ringgit MYR 59.07 59.67
New Zealand Dollar NZD 170.38 172.38
Norwegians Krone NOK 26.38 26.68
Omani Riyal OMR 723.26 731.26
Qatari Riyal QAR 76.5 77.2
Singapore Dollar SGD 72.95 73.85
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 311.53 314.03
Thai Bhat THB 7.58 7.73

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