Pakistan, June 28 -- The government has reduced the price of jet fuel by Rs 7.15 per litre, bringing the new price to Rs 231.72 per litre. The reduction is expected to provide relief to domestic airlines by lowering aviation fuel costs, which may also help reduce overall operational expenses. Officials noted that before rising tensions and conflict in the Middle East, jet fuel was priced at around Rs 188 per litre. However, following a surge in global oil prices, a significant increase was recorded in subsequent months.

Published by HT Digital Content Services with permission from Daily Times....