The government on Saturday reduced the price of jet fuel by Rs23 per litre following easing tensions in the Middle East. A day earlier, the government had slashed the price of high-speed diesel (HSD) by up to Rs32.12 per litre. Prime Minister Shehbaz Sharif approved the reduction in HSD price on Friday from Rs385.54 to Rs353.43 per litre.
According to a notification issued by Pakistan State Oil (PSO), the new rate for jet fuel stood at Rs471.01 per litre, while kerosene oil was priced at Rs428.81 per litre.
The revision reflects changes in global oil prices and exchange rate fluctuations. The adjustment is expected to provide some relief to the aviation sector, which has been facing high operational costs due to elevated fuel prices.