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Petrol prices in Pakistan set to drop again from May 31

05:00 PM | 24 May, 2024
petrol price

Anticipating the third consecutive reduction in petrol prices, Pakistan's federal government is preparing to announce a noteworthy decrease, effective from June 1, 2024.

As per reports, the ongoing crisis in the Middle East has precipitated a marked downturn in international petrol prices, prompting an expected Rs4 per litre decrease. Likewise, diesel prices are forecasted to see a notable drop of Rs3.5 per litre.

Scheduled for May 31, the government will unveil the revised tariff for petroleum products, shaping the fuel prices for the initial fortnight of June.

Prime Minister Shehbaz Sharif is set to make the final determination on petrol prices in Pakistan, considering the recommendations tendered by the Oil and Gas Regulatory Authority (Ogra).

Current Petrol Prices in Pakistan:

Petrol: Rs273.10 per litre
High-speed diesel: Rs274.08 per litre

Expected Petrol Prices from May 31:

Petrol: Rs269.10 per litre
High-speed diesel: Rs270.58 per litre

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Currency Rates in Pakistan - PKR to US Dollar, Euro, Pound, Dirham, Riyal - 21 June 2024

Pakistani rupee rates against US Dollar and other currencies on June 21, 2024 (Friday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.6 for buying and 280.75 for selling.

Euro's buying rate stands at 297 and selling rate is 299.5 while British Pound rate is 350.5 for buying, and 354 for selling.

UAE Dirham AED was at 74.80 and Saudi Riyal at 72.75.

Forex Rates

Currency Symbol Buying Selling
US Dollar USD 277.6 280.75
Euro EUR 297  299.5 
UK Pound Sterling GBP 350.5  354 
U.A.E Dirham AED 74.80  75.6
Saudi Riyal SAR 72.75 73.5
Australian Dollar AUD 181.2 183
Bahrain Dinar BHD 740.91 749.18
Canadian Dollar CAD 203.5 205.5
China Yuan CNY 38.4 38.8
Danish Krone DKK 40.11 40.51
Hong Kong Dollar HKD 35.68 36.03
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.9 1.98
Kuwaiti Dinar KWD 907.62 916.62
Malaysian Ringgit MYR 59.07 59.67
New Zealand Dollar NZD 170.98 172.98
Norwegians Krone NOK 28.83 29.13
Omani Riyal OMR 723.62 731.62
Qatari Riyal QAR 76.53 77.23
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.68 26.98
Swiss Franc CHF 315.08 317.58
Thai Bhat THB 7.59 7.74

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