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What will be the new petrol, diesel prices in Pakistan from Feb 16?

10:05 AM | 14 Feb, 2024
What will be the new petrol, diesel prices in Pakistan from Feb 16?
Source: File Photo

ISLAMABAD - The outgoing caretaker setup is likely to announce price of petrol and diesel for the second half of February 2024 in light of fluctuations in global market.

As Inflation-weary citizens are expecting another sigh of relief, the government has no major relief to pass on.

Reports in local media said caretaker government is set to slap another hike from February 16. Price of high-speed diesel (HSD) is said to be increase from Rs8 per litre starting from February 16 while petrol prices may experience slight increase for next two weeks.

Amid escalating tensions in Middle East, global oil surged, raising concerns about further increases in petroleum prices in Pakistan. Brent crude prices also soared by about $1.5 per barrel to $83 since early February.

For Diesel, consumers could see diesel rate hike from current Rs278.96 per litre to Rs286.97 per litre, and petrol prices may also rise slightly by 80 paisas per litre.

The move will further trigger inflation as diesel is widely used in transportation and agriculture.

Light Diesel Oil (LDO), mainly used in industry, could see Rs2.50 per litre increase, reaching Rs169.62 per litre for the upcoming fortnight. 

Meanwhile, Oil and Gas Regulatory Authority (OGRA) is yet to finalise recommendations for fuel prices for first half of February, considering tax reforms and estimated fuel consumption and supply costs for Pakistan State Oil (PSO).

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pak Rupee to US Dollar, Euro, Dirham, Riyal 23 May 2024

Pakistani currency rates against US Dollar and other currencies on May 23, 2024 (Thursday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.25 for buying and 280.25 for selling.

Euro moved down to 297 for buying and 300 for selling while British Pound rate is 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal came down to 73.45.

Today’s currency exchange rates in Pakistan - 23 May 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 277.25 280.25
Euro EUR 297 300
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.2 75.95
Saudi Riyal SAR 73.45 74.2
Australian Dollar AUD 183 184.8
Bahrain Dinar BHD 740.52 748.52
Canadian Dollar CAD 203 205
China Yuan CNY 38.51 38.91
Danish Krone DKK 40.52 40.92
Hong Kong Dollar HKD 35.68 36.03
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 903.3 912.3
Malaysian Ringgit MYR 59.39 59.99
New Zealand Dollar NZD 170.11 172.11
Norwegians Krone NOK 25.92 26.22
Omani Riyal OMR 723.46 731.46
Qatari Riyal ‎QAR 76.42 77.12
Singapore Dollar SGD 203 205
Swedish Korona SEK 26.02 26.32
Swiss Franc CHF 305.97 308.47
Thai Bhat THB 7.67 7.82

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