LAHORE – The prices of all petroleum products are estimated to go down from tomorrow (December 1) in light of the decline of crude oil.
Reports in local media suggest that the Sharif-led government is expected to cut fuel prices to pass on the global drop to consumers as the cash-strapped country is experiencing record inflation in recent months.
Crude oil lately sank $2.57 to $81.14 per barrel and Pakistani consumers would be able to avail this relief if the government passes on the entire reduction in global oil prices to them.
Masses already faced several oil price shocks since the ruling alliance government came into power to fulfill its commitment with the international lender.
Lately, the former spokesperson of the Ministry of Finance Muzammil Aslam demanded a substantial cut in key petroleum products.
"Oil prices are now lower than pre Russia-Ukraine and trading at lowest level of 2022. The local petrol price year ago were at Rs113.48/litre when crude were below $75/bbl. Let’s see how much Ishaq Dar can pass on…prices must reduce by Rs25/litre", he wrote on social media, saying it's time to pass on relief.
The local petrol price on Jan 1st were 142.32/litre when crude prices were above $75/bbl. If we add further 40/litre for PDL and exchange adjustments the price should not be more than 200/litre. Time to pass on relief https://t.co/9TcfDw3AzV pic.twitter.com/kPX80mNBH0— Muzzammil Aslam (@MuzzammilAslam3) November 28, 2022
Two weeks back, the government kept the price of petrol unchanged at Rs224.80 per litre for the next fortnight.
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 February 4, 2023 (Saturday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||337.01||337.71|
|Hong Kong Dollar||HKD||34.19||34.54|
|New Zealand Dollar||NZD||173.25||175.25|
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 205,200 on Saturday. The price of 10 grams of 24k gold was recorded at Rs175,930.
Likewise, 10 grams of 22k gold were being traded for Rs167,318 while a single tola of 22-karat gold was being sold at Rs 195,157.
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.
|Lahore||PKR 205,200||PKR 2,430|
|Karachi||PKR 205,200||PKR 2,430|
|Islamabad||PKR 205,200||PKR 2,430|
|Peshawar||PKR 205,200||PKR 2,430|
|Quetta||PKR 205,200||PKR 2,430|
|Sialkot||PKR 205,200||PKR 2,430|
|Attock||PKR 205,200||PKR 2,430|
|Gujranwala||PKR 205,200||PKR 2,430|
|Jehlum||PKR 205,200||PKR 2,430|
|Multan||PKR 205,200||PKR 2,430|
|Bahawalpur||PKR 205,200||PKR 2,430|
|Gujrat||PKR 205,200||PKR 2,430|
|Nawabshah||PKR 205,200||PKR 2,430|
|Chakwal||PKR 205,200||PKR 2,430|
|Hyderabad||PKR 205,200||PKR 2,430|
|Nowshehra||PKR 205,200||PKR 2,430|
|Sargodha||PKR 205,200||PKR 2,430|
|Faisalabad||PKR 205,200||PKR 2,430|
|Mirpur||PKR 205,200||PKR 2,430|