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Pakistan likely to slash petrol, diesel prices by up to Rs20 per litre

Web Desk 10:44 AM | 30 Mar, 2023
Pakistan likely to slash petrol, diesel prices by up to Rs20 per litre
Source: File Photo

ISLAMABAD – The federal government is likely to slash petroleum prices by up to Rs20 per liter for the first fortnight of April amid fluctuation of prices in the international market.

Reports in local media suggest a proposal has been prepared to make a cut of Rs4.30 in petrol price and Rs20 in high-speed diesel as people in the crisis-hit country are facing back-breaking inflation with no or little increase in income.

It was reported that a proposal to slash the price of kerosene by Rs13 per liter and light-speed diesel by Rs10 per litre has also been prepared.

The government will announce new petroleum products after a decrease in prices of petroleum products in the global market; London Brent oil witnessed a dip of up to 6.50 percent in recent times.

Meanwhile, a final decision about the petroleum prices will be taken by the ministry after consultation with Prime Minister Shehbaz Sharif as IMF is keeping eye on every move of the Pakistani government.

IMF turns down Pakistan’s proposal on fuel subsidy

US-based lender continued to give tough time to the incumbent Pakistani government and now rejected an initial proposal for subsidy on petroleum. IMF asked for a complete plan of the petroleum subsidy from the government.

Islamabad has been in contact with IMF to salvage much-needed bailout funds which were halted from last year.

Web Desk
Web Desk

Daily Pakistan Global Web Desk

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on June 2, 2023

KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on June 2, 2023 (Friday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 299 302
Euro EUR 321 325
UK Pound Sterling GBP 375.5 380
U.A.E Dirham AED 80 81
Saudi Riyal SAR 79 79
Australian Dollar AUD 198 200
Bahrain Dinar BHD 758.25 766.25
Canadian Dollar CAD 226 228
China Yuan CNY 40.26 40.66
Danish Krone DKK 41.04 41.44
Hong Kong Dollar HKD 36.39 36.74
Indian Rupee INR 3.45 3.56
Japanese Yen JPY 2.25 2.45
Kuwaiti Dinar KWD 927.17 936.17
Malaysian Ringgit MYR 61.94 62.54
New Zealand Dollar NZD 172.79 174.79
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 740.96 748.96
Qatari Riyal ‎QAR 78.37 79.07
Singapore Dollar SGD 220 222
Swedish Korona SEK 26.36 26.66
Swiss Franc CHF 315.04 317.54
Thai Bhat THB 8.21 8.36

Today's gold rates in Pakistan | gold price in Pakistan – June 3, 2023

Gold Rate In Pakistan Today:

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 232,500 on Saturday. The price of 10 grams of 24k gold was recorded at Rs197,190.   

Likewise, 10 grams of 22k gold were being traded for Rs180,756 while a single tola of 22-karat gold was being sold at Rs 210,832.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

Gold Price in Pakistan: Lahore, Karachi, Islamabad

City Gold Silver
Lahore PKR 232,500 PKR 2125
Karachi PKR 232,500 PKR 2125
Islamabad PKR 232,500 PKR 2125
Peshawar PKR 232,500 PKR 2125
Quetta PKR 232,500 PKR 2125
Sialkot PKR 232,500 PKR 2125
Attock PKR 232,500 PKR 2125
Gujranwala PKR 232,500 PKR 2125
Jehlum PKR 232,500 PKR 2125
Multan PKR 232,500 PKR 2125
Bahawalpur PKR 232,500 PKR 2125
Gujrat PKR 232,500 PKR 2125
Nawabshah PKR 232,500 PKR 2125
Chakwal PKR 232,500 PKR 2125
Hyderabad PKR 232,500 PKR 2125
Nowshehra PKR 232,500 PKR 2125
Sargodha PKR 232,500 PKR 2125
Faisalabad PKR 232,500 PKR 2125
Mirpur PKR 232,500 PKR 2125

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