According to sources at Pakistan State Oil, the price of jet fuel has surged from ₨188.93 per litre to ₨342.32 per litre, marking an increase of ₨153.39 per litre following a ₨55 per litre rise in general petroleum products.
The increase is expected to force domestic and international airlines to raise airfares by 20% on domestic routes and up to 30% on international routes. Some airlines have already submitted proposals to their finance departments, and fares are likely to rise within the next one or two days.
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Fares from Lahore, Karachi, and Islamabad to London could increase by up to ₨100,000, while tickets to Paris, Istanbul, New York, and Toronto may rise by ₨80,000–150,000.
Global petroleum prices are showing a rising trend, suggesting that international air travel will become more expensive. In Pakistan, more than a dozen airlines have prepared to increase fares, which could deliver a financial shock to Pakistanis travelling from abroad during the Eid holidays.
Higher jet fuel prices will also increase airlines’ operational costs, placing an additional financial burden on passengers.