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Outgoing PML-N govt decides on petrol prices

11:11 AM | 31 May, 2018
Outgoing PML-N govt decides on petrol prices
LAHORE - Pakistan Muslim League-Nawaz’s member provincial assembly Syed Zaeem Hussain Qadri has clarified that the outgoing government will not drop a ‘petrol bomb’ on the public as it completes its tenure.

In a TV appearance on Wednesday, the PML-N member referred to the summary submitted by the Oil and Gas Regulatory Authority seeking an increase in fuel prices and said that the government won’t approve the recommendations.

"The decision to increase prices will be made by the caretaker setup," said the lawmaker.

Earlier on Wednesday, the Oil and Gas Regulatory Authority (OGRA) had proposed an increase in the price of petrol by Rs8.37 per litre while an increase of Rs12.5 per litre in diesel prices was also recommended.

Moreover, the authority also recommended an increase of Rs8.30 and Rs11.65 in kerosene oil and diesel oil, respectively.

The ruling PML-N government is expected to transfer power to the caretaker setup tonight after successfully completing its five-year stint.

The writer is a civil servant.

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Currency Rates in Pakistan - Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 8 July 2024

Pakistani currency rates against US Dollar and other currencies on July 8, 2024 (Monday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.65 for buying and 280.65 for selling on first working day of the week.

Euro's buying rate moves up to 294.3 and selling rate is 297.8 while British Pound rate is 350.5 for buying, and 353.5 for selling.

UAE Dirham AED was at 75.05 and Saudi Riyal increased to 73.40.

Currency Rates Today

Currency Symbol Buying Selling
US Dollar USD 277.65 280.65
Euro EUR 294.30 297.80
UK Pound Sterling GBP 350.50 353.50
U.A.E Dirham AED 75.05 75.85
Saudi Riyal SAR 73.40 74.20
Australian Dollar AUD 182.25 184.00
Bahrain Dinar BHD 740.12 748.12
Canadian Dollar CAD 202.90 204.90
China Yuan CNY 38.25 38.65
Danish Krone DKK 40.03 40.43
Hong Kong Dollar HKD 35.60 35.95
Indian Rupee INR 3.33 3.43
Japanese Yen JPY 1.90 1.98
Kuwaiti Dinar KWD 907.61 916.61
Malaysian Ringgit MYR 58.89 59.69
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.34 77.04
Singapore Dollar SGD 202.15 204.15
Swedish Korona SEK 26.40 26.70
Swiss Franc CHF 309.11 311.61
Thai Bhat THB 7.57 7.72

 
 
 
 
  
 

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