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Pakistan likely to slash petrol price by Rs18 per litre

09:13 AM | 14 Jul, 2022
Pakistan likely to slash petrol price by Rs18 per litre
Source: File Photo

ISLAMABAD - The prices of petroleum products are likely to decrease after hitting the record high level as the Oil and Gas Regulatory Authority (OGRA) has proposed reduction in prices for the month of July.

Reports said that OGRA has proposed a decrease of Rs18 per litre petrol and Rs33 per litre diesel to the petroleum division.

The Ministry of Finance will announce change in petroleum prices after having consultation with Prime Minister Shehbaz Sharif.

The development comes a day after the premier announced to pass on the full benefits of the decreasing oil prices in global market to the people with full transparency.

He issued the directives while chairing a meeting on fuel prices, adding that the people spent a difficult time, and now they have the right to get full relief.

The premier said the government will take every step for provision of relief to the masses who suffered heavily because of inflation caused by the previous government.

The new prices are likely to come into effect from July 16.

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Pakistani rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 27 Feb 2024

Pakistani currency remains largely stable against US dollar in the open market on February 27, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 76.7.

Today’s currency exchange rates in Pakistan - 27 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.4 282.3
Euro EUR 303 306
UK Pound Sterling GBP 351.5 355
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 181 183
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207 209
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.56 40.96
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36
 
26.66
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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