The Government of Pakistan has raised jet fuel prices for commercial airlines for the fifth time in less than a month, pushing rates to an all-time high amid a deepening global oil crisis linked to tensions involving the United States, Israel, and Iran.
According to a statement issued by Pakistan State Oil (PSO), jet fuel prices have been increased by Rs5 per liter, taking the new rate to Rs476.97 per liter. This latest hike comes just a day after authorities raised prices by Rs83 per liter, reflecting ongoing volatility in global energy markets.
Massive Surge in Fuel Prices
Since March 1, jet fuel prices have surged dramatically—from Rs188 per liter to nearly Rs477 per liter—marking an increase of Rs288 within weeks. The unprecedented rise is primarily attributed to supply disruptions and geopolitical tensions impacting global oil availability.
Industry experts warn that the sharp increase in aviation fuel costs will significantly raise airline operating expenses, inevitably passing the burden onto passengers.
Airfares Skyrocket Across Domestic, International Routes
Airlines in Pakistan have already responded by increasing ticket prices across major domestic routes, including Karachi, Islamabad, and Lahore. One-way fares on these routes have surged to as high as Rs40,000.
“Chance seat” fares—last-minute bookings—have seen even steeper increases, rising by up to 150%. Passengers are now paying over Rs50,000 for one-way tickets on key domestic routes.
International travel has also become significantly more expensive, with economy-class fares to destinations such as the Middle East, Toronto, Paris, and Manchester ranging between Rs300,000 and Rs700,000.
Wider Impact on Economy and Daily Life
The fuel crisis is not limited to aviation. Earlier this month, the government also approved a substantial Rs200 per liter increase in the fuel levy on high-octane petrol, further straining consumers already dealing with inflation.
The rise in petrol and diesel prices has led to higher transport fares, increased costs of fruits and vegetables, and growing financial pressure on households. Reports have also emerged of disputes at petrol stations, with some attendants refusing to sell fuel in small quantities.
Additionally, school transport providers and ride services have increased their charges, shifting the financial burden onto ordinary citizens.
Outlook
With global tensions still unresolved, experts caution that fuel prices may remain volatile in the coming weeks. The continued rise in jet fuel costs is expected to keep airfares elevated, affecting both domestic and international travel demand.