Pakistan Railways increases fares after diesel price jumps by nearly 20%
ISLAMABAD/LAHORE/KARACHI
The government has significantly increased the price of jet fuel used by commercial aircraft, raising it by Rs154 per litre in one of the largest hikes in recent years.
Following the increase, jet fuel prices have surged from Rs188.93 to a record Rs342.37 per litre, marking an increase of about 82%.
The sharp rise comes after the government recently raised petrol and diesel prices by Rs55 per litre amid growing concerns over global fuel supply disruptions.
The move follows the US-Israeli attack on Iran and Tehran’s subsequent announcement of the closure of the Strait of Hormuz, a key global oil shipping route.
The steep increase in aviation fuel costs is expected to raise operational expenses for airlines, which could lead to an increase of airfares by up to Rs5,000.
KU announces online classes
In another development, the University of Karachi decided to shift morning classes online to facilitate students amid potential transport disruptions following a sharp rise in petroleum prices.
In a notification issued on Saturday, the university said the decision was taken to ensure students’ convenience as transportation constraints likely to arise due to the recent increase in petroleum prices.
It also stated that the administration decided to conduct morning classes from March 9, until the conclusion of the Ramadan month.
