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‘Petrol price in Pakistan to go up by Rs8 per litre from April 16’

09:49 AM | 15 Apr, 2024
‘Petrol price in Pakistan to go up by Rs8 per litre from April 16’
Source: File Photo

Pakistanis brace for another petrol price hike amid record inflation, inflated bills, and soaring prices of basic commodities.

The country of over 240 million is preparing for a massive increase in the price of petrol, which is projected to surge by up to Rs8 per litre from April 16 (Tuesday).

After last month's increase, the federal government is expected to announce a significant increase in petrol prices for another time as International Monetary Fund IMF continues to push for additional taxes. 

With the expected price hike, the new rate of petrol will touch Rs298 per litre. Currently, petrol is priced at Rs289.41 following a Rs9.66 increase on March 31.

For diesel, the price is expected to be around Rs282.24 after Rs3.32 drop.

The further hike in petrol and diesel will contribute more to inflation as it is primarily used in commercial vehicles transporting edibles and agricultural machinery.

Fuel prices are revised every two weeks based on various factors such as international prices and the exchange rate of the local currency.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pak Rupee to US Dollar, Euro, Dirham, Riyal 19 May 2024

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 19 May 2024

Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegian Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Baht THB 7.57 7.72

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