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What could be the latest petrol price in Pakistan for second half of January 2023?

Web Desk 10:28 AM | 14 Jan, 2023
What could be the latest petrol price in Pakistan for second half of January 2023?
Source: File Photo

ISLAMABAD – Amid depleting foreign exchange reserves and political uncertainty, the overall value of the Pakistani rupee depreciated further which will affect petroleum prices.

Reports in local media suggest that the coalition government is likely to raise the prices of petroleum products up to Rs9 per litre for the upcoming fortnight. The price of high-speed diesel may increase by Rs1.06 per litre in the revision of POL prices.

Despite the considerable deprecation in local currency, reports quoting sources from the Petroleum Division claimed that government might decide against jacking up prices by adjusting the rate of petroleum levy.

As of now, Rs50 per litre has been charged in petroleum levy on petrol and Rs32.50 per litre on diesel, while no GST is being collected on the sale.

It was reported that the exchange rate adjustment for major oil importers including state-owned petroleum corporation is estimated at Rs5 per litre on petrol and Rs3.50 per litre on High-Speed Diesel.

If the government announced a further hike, the new price of petrol will touch Rs223 per litre while diesel will hit Rs228.

Last month, the petroleum prices remained unchanged for the first fortnight of January 2023. 

Pakistanis are facing several oil price shocks since the ruling alliance government came into power to fulfil its commitment to the international lender.

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on March 30, 2023

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 March 30, 2023 (Thursday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 283.6 286.65
Euro EUR 305.5 308.5
UK Pound Sterling GBP 348 351.5
U.A.E Dirham AED 77 77.7
Saudi Riyal SAR 75.5 76.3
Australian Dollar AUD 187.5 189.9
Bahrain Dinar BHD 753.99 761.99
Canadian Dollar CAD 206 208.2
China Yuan CNY 41.25 41.65
Danish Krone DKK 41.26 41.51
Hong Kong Dollar HKD 36.11 36.46
Indian Rupee INR 3.45 3.56
Japanese Yen JPY 2.15 2.22
Kuwaiti Dinar KWD 925.67 934.67
Malaysian Ringgit MYR 62.85 63.45
New Zealand Dollar NZD 175.57 177.58
Norwegians Krone NOK 26.33 26.63
Omani Riyal OMR 736.34 744.35
Qatari Riyal ‎QAR 77.92 78.62
Singapore Dollar SGD 209.5 211.5
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 308.25 310.75
Thai Bhat THB 8.28 8.43

Today's gold rates in Pakistan – 30 March 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 207,700 on Thursday.The price of 10 grams of 24k gold was recorded at Rs178,070.   

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 207,700 PKR 2,470
Karachi PKR 207,700 PKR 2,470
Islamabad PKR 207,700 PKR 2,470
Peshawar PKR 207,700 PKR 2,470
Quetta PKR 207,700 PKR 2,470
Sialkot PKR 207,700 PKR 2,470
Attock PKR 207,700 PKR 2,470
Gujranwala PKR 207,700 PKR 2,470
Jehlum PKR 207,700 PKR 2,470
Multan PKR 207,700 PKR 2,470
Bahawalpur PKR 207,700 PKR 2,470
Gujrat PKR 207,700 PKR 2,470
Nawabshah PKR 207,700 PKR 2,470
Chakwal PKR 207,700 PKR 2,470
Hyderabad PKR 207,700 PKR 2,470
Nowshehra PKR 207,700 PKR 2,470
Sargodha PKR 207,700 PKR 2,470
Faisalabad PKR 207,700 PKR 2,470

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