ISLAMABAD: The government has provided major relief to airlines and the aviation sector by reducing the price of jet fuel used by commercial aircraft by Rs48.80 per litre.
According to aviation sources, the latest reduction has brought the price of jet fuel down to Rs283.52 per litre. Fuel expenses constitute a significant portion of an airline’s operating costs, and the decrease is expected to ease the financial burden on carriers.
The development comes after the government also announced a Rs22 per litre reduction in petrol and diesel prices, offering broader relief to consumers and businesses.
Industry experts believe the lower fuel costs could pave the way for reductions in both domestic and international airfares. However, any decision regarding ticket prices will ultimately be made by individual airlines.
Aviation sources said the government has cumulatively reduced jet fuel prices by as much as Rs283 per litre, describing it as a significant step for Pakistan’s aviation industry.
Before the conflict in the Middle East, jet fuel was priced at Rs188 per litre on February 28. Despite the recent reduction, current prices remain substantially higher than pre-conflict levels.