Pakistan has reduced the price of jet fuel by Rs56.97 per litre, bringing the new rate to Rs238.87 per litre. The decision follows recent cuts in petrol and diesel prices and is expected to ease pressure on the aviation sector. The move is significant for airlines and may benefit passengers through lower fares.
According to official sources, the reduction in jet fuel prices is part of a broader adjustment in domestic fuel rates. Authorities said the revised pricing reflects changes in global oil market trends and domestic economic considerations. The adjustment comes shortly after substantial reductions in petrol and diesel prices.
Industry sources say the latest cut could lead to a decrease in airfares in the coming days. Airlines typically adjust ticket prices in response to changes in aviation fuel costs, which form a major portion of operating expenses. However, the extent of fare reductions will depend on individual carriers and market conditions.
Earlier, the government had reduced petrol prices by Rs74.28 per litre and diesel by Rs67.31 per litre. These cuts were among the largest recent adjustments and signaled easing pressure on transport and logistics costs across the country.
Officials have not yet announced whether further price revisions are expected in the near future. However, fuel price movements are closely tied to global oil rates and exchange rate fluctuations, which continue to influence domestic pricing decisions.