Jet fuel prices in Pakistan have surged to a record high, putting pressure on airlines and passengers alike. The latest hike is expected to further increase airfares in the coming days.
The price of jet fuel has increased by Rs83 per litre, taking it to an unprecedented Rs471 per litre. This marks the latest surge in aviation fuel costs, making it one of the highest levels recorded in the country.
Jet fuel prices have climbed significantly over the past few weeks. Since March 1, the price has increased by Rs283 per litre, when it stood at Rs188 per litre.
Fourth increase in a month
The latest revision is the fourth increase in jet fuel prices during March. This consistent upward trend highlights the growing impact of global oil price fluctuations on Pakistan’s aviation sector.
The steep rise in jet fuel costs has made it increasingly difficult for airlines to operate flights efficiently. Industry insiders warn that airlines are under financial pressure as fuel remains one of their biggest expenses.
Airfares likely to increase
With fuel prices soaring, passengers may soon face higher ticket prices. Experts say airlines are likely to pass on the increased costs to consumers, leading to further hikes in airfares.
The continuous increase in jet fuel prices is expected to affect flight operations, travel demand, and overall aviation activity. The situation underscores the broader economic challenges posed by rising energy costs.
