Jet fuel prices go up by Rs 84 per liter, making things hard for airlines.

The price of jet fuel (JP-1) has now reached an all-time high of Rs 472 per liter after this most recent rise. This is an incredible overall rise of about Rs 282 from March 1, when the price was only Rs 190 per liter.

Reports say that airlines are having trouble keeping flights running since their prices are going up. Airlines are likely to raise ticket prices again because they are passing on the cost of higher fuel prices to customers.

This is the fourth time since the beginning of March that the price of jet fuel has gone up, showing how unstable the global energy market is.

ARY News said that the government has raised the price of Jet fuel (JP-1 fuel) used by commercial planes after oil prices went up recently.

The government boosted the price of jet fuel by Rs 154 per liter, making it a record Rs 342.37, up from Rs 188.93.

This is an unbelievable 82 percent rise, which will probably cause airfares to go up by at least Rs 5,000. Experts in aviation said that airlines will have to hike prices to compensate the rise in operating costs.

The government of Pakistan announced a big rise in gas prices yesterday. They said this was because oil prices were going up around the world because of increased tensions in the Middle East.

At a news conference in Islamabad, federal ministers said that the prices of petrol and diesel would go up by Rs. 55 per liter.

With the revised tariffs, a liter of gasoline would cost Rs. 321.17, while a liter of diesel will go up from Rs. 275.70 to Rs. 335.86.

Ishaq Dar, the Deputy Prime Minister and Foreign Minister, claimed that the decision was made when oil prices rose sharply on the world market because of a growing crisis in the area.

He told reporters that things got worse after an attack on Iran. He said that the dispute had grown over the past 48 hours, with Turkey and Azerbaijan also getting involved, which caused world oil prices to rise a lot.

Ali Pervaiz Malik, the Minister of Petroleum, was also there and said that the rise was a hard choice. He said the administration was doing its best to meet the country’s energy demands amid a tough time.

The IMF tells Pakistan to raise gas prices right away.
Sources say that the International Monetary Fund (IMF) has told Pakistan to raise the cost of gasoline and diesel right away.

Sources said that the demand was made during online talks between Pakistani officials and an IMF group.