LAHORE – The price of petrol is likely to go down around Rs 9 per litre while the price of petroleum products may be slashed by up to Rs 18 from the start of next month.
Reports in local media said the Oil and Gas Regulatory Authority has started working to slash fuel prices and will send the final summary in the coming days.
Pakistan’s new finance chief Ishaq Dar reportedly stressed on providing relief to masses by cut in the prices of petroleum products.
Meanwhile, a final decision in this regard will be taken by Prime Minister Shehbaz Sharif in consultation with cabinet members.
Earlier this month, the Sharif-led government jacked up the price of petrol from Rs235.98 to Rs237.43.
The move comes in light of a considerable drop in the prices of crude oil in the international market. The crude oil prices plunged to the lowest in last eight months.
Pakistani rupee remains unchanges against US dollar in the open market on March 18, 2024, Monday.
In the open market, the US dollar was being quoted at 278.7 for buying and 281.65 for selling.
Euro moves down to 303 for buying and 306 for selling while British Pound hovers around 356 for buying, and 359 for selling.
UAE Dirham AED remains stable at 75.8 whereas the Saudi Riyal saw minor increase, with new rates at 74.05.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 278.7 | 281.65 |
Euro | EUR | 303 | 306 |
UK Pound Sterling | GBP | 356 | 359 |
U.A.E Dirham | AED | 75.8 | 76.55 |
Saudi Riyal | SAR | 74.05 | 74.5 |
Australian Dollar | AUD | 182.7 | 184.5 |
Bahrain Dinar | BHD | 741.89 | 749.89 |
Canadian Dollar | CAD | 204 | 206.2 |
China Yuan | CNY | 38.78 | 39.18 |
Danish Krone | DKK | 40.92 | 41.32 |
Hong Kong Dollar | HKD | 35.69 | 36.04 |
Indian Rupee | INR | 3.37 | 3.48 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 908.8 | 917.8 |
Malaysian Ringgit | MYR | 59.59 | 60.19 |
New Zealand Dollar | NZD | 171.07 | 173.07 |
Norwegians Krone | NOK | 26.67 | 26.97 |
Omani Riyal | OMR | 724.62 | 732.62 |
Qatari Riyal | QAR | 76.7 | 77.4 |
Singapore Dollar | SGD | 206 | 208 |
Swedish Korona | SEK | 27.27 | 27.57 |
Swiss Franc | CHF | 315.8 | 318.3 |
Thai Bhat | THB | 7.79 | 7.94 |
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