ISLAMABAD – The government Monday increased price of petrol and reduced the prices of diesel and kerosene oil for the next fortnight of running month of August.
According to a statement issued by the Finance Division, petrol will now be available for Rs233.91 per litre after it was jacked up by Rs6.72 per litre. Previously, petrol was being sold for Rs227.19 per litre.
On the contrary, there has been a decrease of 51 paisas per litre in the price of high-speed diesel and the new price will be Rs244.44 per litre.
Kerosene oil, which was previously available at Rs201.07 per litre, will now be sold for Rs199.40 per litre after an increase of Rs1.67.
Light diesel oil registered a slight increase of 43 paisa, after which it will be sold at Rs191.75 per litre as against the previous rate of Rs191.32 per litre.
“In the wake of fluctuations in petroleum prices in the international market and exchange rate variation, the government has decided to revise the existing prices of petroleum products to pass on the impact to consumers”, said the ministry of finance in a statement.
The move was being widely slammed by PML-N supremo Maryam Nawaz, members of the coalition government, and public as well.
میاں صاحب نے اس فیصلے کی سخت مخالفت کی اور یہاں تک کہ دیا کہ میں مزید ایک پیسے کا بوجھ عوام پر نہیں ڈال سکتا اور اگر حکومت کی کوئی مجبوری ہے تو میں اس فیصلے میں شامل نہیں ہوں اور میٹنگ چھوڑ کر چلے گئے۔ https://t.co/McG019GW6Z— Maryam Nawaz Sharif (@MaryamNSharif) August 15, 2022
Pak rupee has gained strength of approx Rs 40 against dollar n Crude oil prices have reduced in world markets. It’s benefit shud have been transferred to public in Pakistan. Shameful recent price hike in petrol prices can’t be justified by Govt. Reduce petrol prices NOW— Noor Alam Khan (@NOORALAMKHAN) August 15, 2022
Oil prices globally have fallen to the lowest in 6 months, PKR has gained 40 Rupees against dollar in the space of two weeks BUT petrol price in Pakistan is increased by nearly 7 Rupees. CAN SOMEONE EXPLAIN THE LOGIC BEHIND IT?— Mazher Arshad (@MazherArshad) August 15, 2022
Earlier, reports had claimed that petroleum prices will be slashed due to ongoing fall in international oil prices and devaluation of dollar against Pakistani rupee in both interbank and open markets.
Pakistani rupee saw marginal improvement against US dollar as it appreciated in the open bank market.
On Thursday, the US dollar moved up and was being quoted at 285.3 for buying and 288.15 for selling.
Euro moves down to 311 for buying and 314 for selling. British Pound rate stands at 358.5 for buying, and 361.5 for selling.
UAE Dirham AED stands at 78 whereas the Saudi Riyal rate stands at 76.20.
|UK Pound Sterling||GBP||358.5||361.5|
|Hong Kong Dollar||HKD||36.63||36.98|
|New Zealand Dollar||NZD||173.44||175.44|
KARACHI – The gold price continues to climb up in the local market in line of upward trend in international market.
On Thursday, the single tola of 24 Karat gold was available at Rs218,600, and the price for 10-gram gold reached Rs187,420.
Meanwhile, the 22 Karat Gold price stands at Rs200,380, 21 karat rate for each tola is Rs191,275 and 18k gold rate hoveres around Rs163,950.
In international market, the price of precious metal hovers around $2,045 per ounce.
|Lahore||PKR 218,600||PKR 2,675|
|Karachi||PKR 218,600||PKR 2,675|
|Islamabad||PKR 218,600||PKR 2,675|
|Peshawar||PKR 218,600||PKR 2,675|
|Quetta||PKR 218,600||PKR 2,675|
|Sialkot||PKR 218,600||PKR 2,675|
|Attock||PKR 218,600||PKR 2,675|
|Gujranwala||PKR 218,600||PKR 2,675|
|Jehlum||PKR 218,600||PKR 2,675|
|Multan||PKR 218,600||PKR 2,675|
|Bahawalpur||PKR 218,600||PKR 2,675|
|Gujrat||PKR 218,600||PKR 2,675|
|Nawabshah||PKR 218,600||PKR 2,675|
|Chakwal||PKR 218,600||PKR 2,675|
|Hyderabad||PKR 218,600||PKR 2,675|
|Nowshehra||PKR 218,600||PKR 2,675|
|Sargodha||PKR 218,600||PKR 2,675|
|Faisalabad||PKR 218,600||PKR 2,675|
|Mirpur||PKR 218,600||PKR 2,675|