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Petrol prices up as afghani further dips against dollar

Petrol prices up as afghani further dips against dollar

Sep 17, 2015 - 17:33

KABULinfo-icon (Pajhwok): The afghani further depreciated against the US dollar during the outgoing week that saw fuel and gold prices increasing, market sources said on Thursday.

Ahmad Shah, a money exchanger at Shahzada Market, told Pajhwok Afghan News one US dollar was sold for 64.30 afs this week against last week’s 63.70 afs. This week, 1,000 Pakistani rupees accounted for 618afs and last week 614afs equaled 1,000 Pakistani rupees.

The money changer linked the devaluation of the afghan to the increase in security incidents.

Central bank chief Khalilullah Sadique had earlier told reporters that they would intervene in the market by injecting more dollars if rates of necessary items continued soaring.

He said the bank had enough dollars in the reserves which would be injected to the marked if the afghani was to loss its value further.

With the downfall of the afghani, the prices of petroleum products have increased. Obaidullah, a petrol station worker in Qala-i-Fathullah locality, said the rate of one litre of petrol surged from 41 afs to 43 afs, while the price of same quantity of diesel declined from 43 afs to 42 afs.

However, the prices of gas remained stable. A gas seller in Kolola Pushta area, Mohammad Sharif, sold one kilogram of liquefied gas for 50 afghanis same as last week’s price.

There was a slight jump in prices of gold as well. Mohammad Fawad, a jeweler in Taimur Shahi square, said the price of one gram of Russian gold increased from 1,600 afs to 1,680 afs and the price of one gram of Arabic gold from 2,050 afs to 2,080 afs.

 The price of flour has declined.

A 49kg bag of Pakistani flour’s price declined to 1,360 afs from last week’s 1,370 afs and the prices of other food items remained constant.

Fazal Rahman, Food Traders' Union head, said the price of 49 kilogram bag of sugar was accounted for 1,740 afs, 16 litres of Momen ghee for 960 afs, 24 kilograms of rice for 1,650afs and 49 kilogram bag of sugar for 1,740 afs.

Ahmad Javed, a whole seller, sold one kilogram of green tea for 210 afs and one kilogram of black African tea for 240 afs during the outgoing week.

But wholesale prices varied from retail rates in some parts of the city. Ahmad Omaid, a shopkeeper in Dahn-i-Bagh locality, sold a 24-kg sack of rice for 1,800afs, a 49-kg bag of sugar for 1,800afs and a 50-kg sack of flour for 1,400afs, 16 litres of Momin ghee for 1,100afs, a kilo of African black tea for 280afs and green tea for 250afs.


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