Islamabad, March 28 -- The Government of Pakistan on Saturday raised the price of jet fuel for commercial passenger aircraft for the fifth time in just 28 days, attributing the sharp increase to the ongoing oil crisis triggered by the ongoing conflict in West Asia, The Express Tribune reported.

According to The Express Tribune, citing a statement, Pakistan State Oil said the latest hike of PKR 5 per litre took jet fuel to a record PKR 476.97 per litre. Since March 1, the price has surged by PKR 288 per litre, up from PKR 188 at the beginning of the month amid volatile global energy markets.

The surge in aviation fuel costs has already prompted airlines to raise ticket prices, officials and industry sources said, pointing to a shortage o...