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What will be the new Petrol Price in Pakistan from March 16?

09:04 AM | 14 Mar, 2024
What will be the new Petrol Price in Pakistan from March 16?
Source: File Photo

ISLAMABAD – Inflation-weary people are expecting a cut in petrol prices in the month of Ramadan, but the newly elected government is likely to keep prices of petroleum products same for second half of March 2024.

Reports in local media quoting sources in government said petroleum prices are likely to remain unchanged until March 31. It said premium on petrol imports moved up to $12.15 per barrel from $10.45 in Feb, while the exchange rate and international product prices have remained stable.

Other than no change in exchange rate, premium on high-speed diesel (HSD) imports also stayed the same at $6.50 per barrel.

Furthermore, prices of light diesel oil and Kerosene are also likely to remain unchanged for the next two weeks. Currently, authorities reached maximum permissible limit of petroleum levy.

Petrol Price in Pakistan

POLs Price
Petrol Rs279.75
Diesel Rs287.33

Sharif’s government is now looking to generate over Rs950 billion from petroleum levy.

As of early 2024, people are paying Rs82 per litre tax on both petrol and High speed Diesel. The general sales tax (GST) remains zero, the government levies Rs60 per litre petroleum development levy (PDL).

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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