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What could be the latest petrol price in Pakistan from August 16?

10:14 AM | 15 Aug, 2023
What could be the latest petrol price in Pakistan from August 16?
Source: File Photo

ISLAMABAD – The caretaker government is likely to jack up petrol prices for the second fortnight of August 2023 in line with global trend.

Media reports claim that petroleum prices are likely to be increased by up to Rs24 per litre for the second half of this month, in another shock for inflation-weary people who are facing the brunt of higher food prices as fuel prices directly impact transport and agriculture sectors, and any spike will further burden masses.

As of mid-August, the current rate of petrol stands at Rs272.95 while the high-speed diesel price is Rs273.40. If the government will approve the new changes, the petrol price will be increased to nearly Rs295 per litre while the diesel price will increase to nearly Rs300.

The prices of petroleum products are likely to move up as the crisis-hit country is following stern conditions demanded by IMF.

The expected price increase will add to existing woes as petrol and diesel prices have already been jacked up by around Rs20 per litre in the previous revision.

In recent times, prices of refined petroleum products have moved up by $13 to $111 per barrel, per reports.

Daily Pakistan Global Web Desk

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 Feb 2024

Pakistani currency remains momentum against US dollar in the open market on February 28, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar moves up and currently hovers at 282 for buying and 282.25 for selling.

Euro currently stands at 303.1 for buying and 306.1 for selling while British Pound rate stands at 351.6 for buying, and 355.1 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 28 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 282 282.25
Euro EUR 303.1 306.1
UK Pound Sterling GBP 351.6 355.1
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.25 75.05
Australian Dollar AUD 181.1 183.1
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207.1 209.1
China Yuan CNY 38.87 39.27
Danish Krone DKK 40.61 41
Hong Kong Dollar HKD 35.75 36.1
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.5 59.1
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.41 26.71
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207.15 209.15
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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