ISLAMABAD – Amid skyrocketing petroleum fuel rates, the prices of petrol and diesel are likely to go up by over Rs5 per litre from January 16.
Reports in local media said the prices of key petroleum products are estimated to jump by up to Rs5 per litre for the next fortnight in light of the recent surge in international oil prices.
The Petroleum Division has received a summary for an upward revision of prices of petroleum products. Reports added that the high-speed diesel (HSD) is also expected to soar by Rs5.65 per litre while an increase of Rs4/litre has been proposed for light-speed diesel (LSD).
The proposed hike in prices of petroleum products has been linked with rising oil rates in the international market.
The Ministry of Finance will announce the new prices of petroleum products later today after the approval of Prime Minister Imran Khan.
Earlier on New Year’s Eve, the PTI government increased the prices of petrol, diesel and other products by up to Rs4.15 per litre.
After the last surge, the price of petrol went up from Rs140.82 per litre to Rs144.82 per litre, while the price of high-speed diesel jumped to Rs141.62 per litre from the previous Rs137.62 per litre.
Pakistani rupee continued its momentum against the US dollar, and orther currencies in the open market on Thursday, as the local currency also improved in the inter-bank market.
On Thursday, the US dollar moved down and was being quoted at 283.2 for buying and 286.15 for selling.
Euro comes down to 308 for buying and 311 for selling. British Pound rate dropped to 358.5 for buying, and 362 for selling.
UAE Dirham AED witnessed slight drop and new rate stands at 77.4 whereas the Saudi Riyal remained stable at 76.
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||358.5||362|
|Hong Kong Dollar||HKD||36.41||36.76|
|New Zealand Dollar||NZD||174.54||176.54|
Gold price in Pakistan remained under pressure as the yellow metal moved down despite an upward trend in the international market.
On Thursday, the price of a single tola of 24-karat gold stands at Rs217,100 and 10 grams of 24k gold costs Rs186,130.
Single tola of 22 Karat Gold costs Rs199,000, 21 karat rate for per tola is Rs189,960 and 18k gold rate is Rs162,825.00 for each tola.
In the global market, gold prices hover at around $2026, gaining $8.30 on Thursday.
Today Gold Price in Pakistan (4 September 2023)
|Lahore||PKR 217,100||PKR 2,565|
|Karachi||PKR 217,100||PKR 2,565|
|Islamabad||PKR 217,100||PKR 2,565|
|Peshawar||PKR 217,100||PKR 2,565|
|Quetta||PKR 217,100||PKR 2,565|
|Sialkot||PKR 217,100||PKR 2,565|
|Attock||PKR 217,100||PKR 2,565|
|Gujranwala||PKR 217,100||PKR 2,565|
|Jehlum||PKR 217,100||PKR 2,565|
|Multan||PKR 217,100||PKR 2,565|
|Bahawalpur||PKR 217,100||PKR 2,565|
|Gujrat||PKR 217,100||PKR 2,565|
|Nawabshah||PKR 217,100||PKR 2,565|
|Chakwal||PKR 217,100||PKR 2,565|
|Hyderabad||PKR 217,100||PKR 2,565|
|Nowshehra||PKR 217,100||PKR 2,565|
|Sargodha||PKR 217,100||PKR 2,565|
|Faisalabad||PKR 217,100||PKR 2,565|
|Mirpur||PKR 217,100||PKR 2,565|