Karachi (Commerce Desk): The government has reduced the price of jet fuel by Rs7.15 per litre, bringing the new price to Rs231.72 per litre.
The price cut is expected to provide relief to domestic airlines by reducing aircraft fuel expenses, which may also lower overall operational costs.
It is worth noting that before the escalation of tensions and conflict in the Middle East, jet fuel was priced at around Rs188 per litre. However, it saw a significant increase later due to rising global crude oil prices in the international market.