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Fuel, gold prices up in Kabul

Fuel, gold prices up in Kabul

May 07, 2015 - 16:50

KABULinfo-icon (Pajhwok): Due to decline in value of Afghani against foreign currencies, the prices of fuel and Arabic gold witnessed slight increase in the outgoing week, retailers said on Thursday.

Moneychanger Haji Rahimullah said the buying rate of one US dollar was 58.80afs, while 1,000 Pakistani rupees accounted for 571 afs. Last week's exchange value of one dollar stood at 58 afs and 1,000 Pakistani rupees at 565afs.

Referring to decline in Afghani currency, he said the Central Bank reduced injecting dollars in the market, while growing insecurity has also played a role.

Mohammad Fawad, a jeweler in the Layci Maryam area, said due to decline in the value of Afghani currency the price of one gram Arabic gold soared from 1,900 to 2000 afs. He recalled the price of one gram Russian gold is 1,600 afs---same as last week.

Abdul Hadi, director of a petrol station in Wazirabad locality, told Pajhwok Afghan News the rate of one litre of petrol up from 40 to 42 afghanis and the same quantity of diesel increased from 41 to 43 afghanis.

A gas seller in Taimani area, Mohammad Sharif, sold one kilogram of liquefied gas for 30 afghanis, compared to last week’s price of 35afs.

Among other commodities, the price 50-kilogram sack of Pakistani flour increased from 1,550 to 1,570 in the outgoing week said Fazal Rahman, Food Traders' Union head.

He added the price of 24 kilograms of rice was 1,550afs, 16 litres of ghee for 1040 afs and a kilogram of African black tea for 250.

But a retailer in the Dahan-i-Bagh area of Kabul, Khan Ali, sold a 50-kg bag of flour for 1,350afs, a 50-kg sack of sugar for 1,750afs, a 24-kg bag of rice for 18,00afs.



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