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expected petrol and diesel price in pakistan

Prices of petroleum products are likely to decrease by Rs 12

ISLAMABAD: The government is expected to announce a further reduction in the prices of petroleum products by Rs 12 per liter from June 15.

According to the sources, the price of petrol in Pakistan is expected to decrease by 12 rupees per liter due to the decrease in the price of oil in the world market by 5 dollars 14 cents.

Today petrol prices in Pakistan

It should be noted that from April 16, the price of petrol has been reduced by Rs 24 and the price of diesel by Rs 20 per litre.

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today gold rate in pakistan per tola

Increase in the price of gold in global and local exchange markets

Gold prices rose again in global and local exchange markets. The price of gold rose by $13 to $2,352 per ounce in the international bullion market.

On the other hand, the price of 24 karat gold per tola increased by Rs 2,400 to Rs 242,700 and the rate of gold per 10 grams increased by Rs 2,058 to Rs 208,076.

Meanwhile, silver price rose by Rs 100 to Rs 2,900 per tola and silver price rose by Rs 85.74 to Rs 2,486.28 per 10 grams.

Petrol and diesel prices are expected to decrease from June 1

Bullion market representatives say that in view of the impact on purchasing power in local bullion markets and a significant reduction in gold trading activities, the local rate of gold has decreased by Rs 3,000 instead of increasing the global rate.

 

expected petrol and diesel price in pakistan

Petrol and diesel prices are expected to decrease from June 1

The oppression of inflation is good news for the people. Petrol and diesel prices in Pakistan are likely to decrease again from June 1, 2024. Oil prices fell to a 4-month low in the global market

From June 1, 2024, the price of petrol is expected to decrease by Rs. 4, while the price of diesel is expected to decrease by Rs. 3.50 paise per liter. The decision will be made on the night of May 31.

It is too early to say anything about the prices and OGRA will work on the prices of petroleum products on May 31.

Today Petrol Prices in Pakistan

It should be remembered that the government announced a major reduction in the prices of petroleum products on May 15, announcing a reduction in the price of petrol by 15 rupees 39 paisa and diesel price by 7 rupees 88 paise per liter.

Earlier on April 30, the government had announced a reduction in the price of petrol by Rs 5.45 per liter and diesel price by Rs 8.42 per litre.

price of battery in Pakistan

After solar, the price of battery in Pakistan also reduced

After solar panels, price of battery in Pakistan have also reduced by thousands of rupees by May 2024.

According to the media report, not only the prices of UPS but also vehicle batteries have decreased slightly compared to last year. According to traders, the price of UPS batteries has come down compared to last year.

The price of UPS battery was Rs 38,000 earlier, now the same battery costs around Rs 33,000. He further informed that similarly 110 volt battery which is used for 2 fans and lights was available for 23,000 rupees earlier now it has come down to 20,000 rupees.

Solar panel price in Pakistan fell due to strengthening of rupee

But still people have no purchasing power due to which they are forced to buy old batteries. Because prices have not gone down as much as they have gone up.

On the other hand, some traders say that the prices have been stable for the last 6 months. Because the price of batteries depends on the fluctuations in the value of the dollar. However, there has been no increase in the prices of batteries in the last 6 months, nor has there been any decrease in the prices.

However, he said batteries are available at low prices in many places simply because vendors drop prices to sell the goods if they don’t sell.

100 And 1500 Prize Bonds draw schedule has been announced

100 and 1500 Rupees Prize Bond Draw Schedule Announced

The draw schedule of national prize bonds of Rs 100 and Rs 1500 organized by the Central Directorate of National Savings, Government of Pakistan will be held on May 15, 2024 in Karachi and Lahore.

Among the National Prize Bonds of Rs.100 and Rs.1,500, the first prize of the National Prize Bond of Rs.1,500 will be Rs.30 lakh, the second prize will be three prizes of Rs.10 lakh and the third prize will be distributed among 1,696 winners of Rs.1,850.

Similarly, the first prize of 100 rupees prize bond, 7 lakh rupees, the second prize, three prizes of 2 lakh rupees and 1,199 prizes of 1,000 rupees will be distributed among the lucky winners.

expected petrol and diesel price in pakistan

Expected Petrol Price In May 2024 Pakistan

After the drop in oil prices at the international level, a big drop in petrol and diesel prices is expected in Pakistan. The government is expected to cut petrol price by Rs 13 per liter and diesel price by Rs 8 to Rs 9.50 per liter on May 16, according to The News.

If approved, it will be another relief in fuel prices for the public in Pakistan. Last month, the government cut petrol and high-speed diesel prices by Rs 5.45 and Rs 8.42 respectively for the next fortnight. Current price of petrol is Rs 288.49 per liter and HSD price is Rs 281.96.

Product Price
MS Petrol Rs 288.49
Diesel Rs 281.96

The English daily attributed the huge drop to falling global prices following Iran-Israel missile attacks and stability in the Middle East following the easing of tensions in the Red Sea.

When Is Baisakhi Festival 2024 - Baisakhi 2024 Date Announced

After Gandam Scheme 2024, Wheat Rate has crashed in Punjab

After Gandam Scheme 2024, wheat rate in Punjab has been crashed. The wheat growing community in Punjab, Pakistan is currently experiencing a significant drop in prices, encouraged by the implementation of the Wheat Scheme. This move, while stabilizing grain prices and ensuring adequate returns to farmers, has inadvertently led to a sharp decline in wheat prices across the region.

Against the official minimum support price of Rs 3,900 per 40 kg, farmers are being forced to sell their produce at prices as low as Rs 3,200 per 40 kg. The maximum wheat rate in Punjab offered to farmers by private buyers is around Rs 3,600 per 40 kg. A sharp drop in the price of new wheat has been reflected in the official wholesale price of wheat compiled by the provincial government.

Baisakhi بیساکھی Festival 2024 Date

According to the official price list of agricultural commodities for 12 major markets, the price of wheat in South Punjab has fallen below Rs 3,900 in the wholesale market. That is, wheat is being bought from farmers in the open market for less than 3,200 rupees.

40 kg wheat price in Pakistan today

The government has fixed the minimum support price of wheat at Rs. 3,900 per 40 kg in Pakistan today till date.

1 kg wheat price in Punjab today

According to the price of 40 kg of wheat, the price of 1 kg wheat in Punjab is 97.5 rupees.

today Petrol Price In Pakistan - Expected fuel prices

Expected fuel prices in Pakistan from April 16, 2024

In view of the change in global prices and the federal government’s plan to increase the levy, the expected fuel prices is estimated to be around Rs 300 from April 16, 2024 in Pakistan.

The price of petrol will increase from Rs 289.40 per liter to Rs 298 per liter for the next two weeks. Diesel price is also expected to increase by around Rs 2 per liter from the previous rate of Rs 282 to around Rs 284.24 per litre.

Unofficial reports further claim that the Pakistani government is considering increasing the petroleum levy from Rs 60 to Rs 100 per litre, with the current levy already at a maximum of Rs 60 per litre.

This could lead to a record hike in petrol prices in Pakistan, and the government will announce new prices based on the final exchange rate on April 15.

expected petrol and diesel price in pakistan

Expected Petrol and Diesel Price In April 2024 in Pakistan

The details of the expected increase in petrol price from April 1 have come out. After the approval of the Prime Minister of Pakistan Shahbaz Sharif, the new prices of petroleum products will be announced on the night of March 31, 2024.

According to media reports, on the one hand, oil has become expensive in the global market, on the other hand, the IMF’s demand for increase in GST and petroleum levy may lead to a sharp increase in the prices of petroleum products.

Expected Petrol Price In Pakistan in April 2024

It has been reported that the effect of the increase in oil prices in the global market has only reached the consumers, then there is a possibility of an increase in the price of petrol by 9.50 rupees from April 1. After this potential increase, the new price will increase from Rs 279.75 to Rs 289.25. While the price of diesel is likely to reach Rs 285.56 with an increase of Rs 0.86.

Item Name Current Price Expected Price Increase
Petrol Rs 279.75 Rs 289.25 Rs 9.50
Diesel Rs 285.56 Rs 286.42 Rs 0.86

There are reports that the government plans to increase the petroleum levy from Rs 60 to Rs 100, thus the price of petrol and diesel may increase by Rs 40 due to the petroleum levy.

آئی ایم ایف نے بجلی کی قیمتوں میں کمی کی تجویز دے دی

On the other hand, on the demand of IMF, the government imposes 18% GST on petroleum products, then the price of petrol and diesel is likely to increase by Rs.50.