Search

Petrol prices expected to drop in Pakistan as global oil rates decline

12:14 PM | 14 Nov, 2023
petrol price in pakistan
Source: File Photo

ISLAMABAD – The interim government is likely to slash the price of petrol for the next fortnight in light of price fluctuations in the global market.

It said the price revision was due to the variations in the international prices of petroleum products and the improvement in the exchange rate.

Reports in local media quoting informed sources said per liter rates for petrol, and diesel will fall by Rs10 per liter.

Globally, the oil prices moved down over the past two weeks. Pakistani currency, on the other hand, continues to weaken against the dollar due to import pressure, lessening the benefit of lower international prices for consumers.

The oil prices moved down from $113 to $104, during the week, the local rupee lost Rs6 in value against the greenback, declining to Rs287.

Latest Petrol Price in Pakistan

POLs Price per litre
Petrol Rs283.38
Diesel Rs303.18

Daily Pakistan Global Web Desk

Advertisement

Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 29 Feb 2024

Pakistani rupee remains stable against US dollar in the open market on February 29, 2024 (Thursday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.1 for buying and 282.35 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 352 for buying, and 355.5 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 74.3.

Today’s currency exchange rates in Pakistan - 29 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.1 282.35
Euro EUR 303 306
UK Pound Sterling GBP 352 355.5
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.3 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.11 751.11
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.69 41.09
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 907.32 916.32
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 725.68 733.68
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317.76 320.26
Thai Bhat THB 7.76 7.91

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter