Airlines have received major relief from the government as the price of jet fuel has been reduced by Rs56.97 per litre.
Following the latest reduction, the price of jet fuel has come down to Rs238.87 per litre, prompting airlines to announce a reduction in airfares.
According to details, the government has reduced the price of jet fuel by Rs56.97 per litre. After the cut, jet fuel is now being sold at Rs238.87 per litre.
The reduction is expected to ease operational costs for airlines, as fuel is one of the biggest expenses in the aviation sector.
Airlines announce lower fares
Following the government’s decision, airlines announced a reduction in airfares. The move is expected to provide relief to passengers, especially those planning domestic and international travel.
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Industry observers believe the decrease in jet fuel prices could help stabilize ticket prices after a period of sharp increases.
Price falls sharply after Iran-US war ends
Jet fuel prices had surged dramatically due to the Iran-US war, reaching a record high of Rs517 per litre. However, after the war stopped, the price of jet fuel has now fallen by Rs278.13 per litre.
The sharp decline reflects easing pressure on global oil markets and improved supply conditions following the end of hostilities.
The latest reduction is being seen as a significant relief measure for airlines operating in Pakistan. Lower jet fuel costs are likely to reduce financial pressure on carriers and may help improve passenger affordability through reduced airfares.
