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What could be the latest petrol price in Pakistan from December 1?

10:17 AM | 30 Nov, 2022
What could be the latest petrol price in Pakistan from December 1?
Source: File Photo

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.

Two weeks back, the government kept the price of petrol unchanged at Rs224.80 per litre for the next fortnight.

Daily Pakistan Global Web Desk

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PKR exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 22 April 2024

Pakistani currency remains largely same against US Dollar and other currencies on April 22, 2024 Monday.

USD to PKR rate today

US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro stands at 293 for buying and 296 for selling while British Pound hovers at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.20 and Saudi Riyal's new rate was at 73.30. 

Today’s currency exchange rates in Pakistan - 22 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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