After the recent increase in petrol prices in Pakistan, now jet fuel has also become expensive. According to the report of ARY News, the Government of Pakistan has increased the price of jet fuel by 13.23 Pakistani rupees per liter. After this increase, the new price of jet fuel has become 251.02 Pakistani rupees per liter. Information about this increase has been given in the official notification issued by the government. Experts believe that the cost of jet fuel will have a direct impact on the country’s aviation sector. This is likely to increase the operating expenses of Pakistan International Airlines (PIA) and other private airlines.
Aviation experts say that when the expenses of airlines increase, it also affects the passengers. In such a situation, domestic and international air fares may increase in the coming time. It is believed that airlines can compensate for the increased expenses by increasing ticket prices. This decision has been taken at a time when crude oil prices are increasing in the international market. For this reason, there was a possibility of increase in the prices of petrol and diesel in Pakistan. ARY News quoted sources as saying that there was a possibility of increase in the price of petrol by 13 Pakistani rupees per liter and the price of high-speed diesel by 14 Pakistani rupees per liter.
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Big decision of Pakistan government
The Pakistan government had increased the petroleum levy on petrol and high-speed diesel on June 28, but did not make any change in the retail prices. According to The Express Tribune report, the government did not pass on the benefit of the fall in oil prices in the international market to consumers and kept the prices at the same level. According to data released by the Petroleum Division, petroleum levy on high-speed diesel was increased by Pakistani rupees 6.57 per liter to Pakistani rupees 79.54 per liter. Whereas petroleum levy on petrol has been increased by 39 paise per liter to 66.64 Pakistani rupees per liter. There was no change in the petroleum levy on kerosene oil and it remained at 20.36 Pakistani rupees per liter.
Decision to keep the prices of petrol and diesel stable
The government decided to keep the prices of petrol and diesel stable, but on the other hand tried to increase its revenue by increasing the petroleum levy on these two fuels. However, consumers of kerosene oil have got some relief. The Government of Pakistan has reduced the price of kerosene oil by 6.85 Pakistani rupees per liter. According to the notification issued by the Oil and Gas Regulatory Authority (OGRA), the new price of kerosene has been fixed at Pakistani rupees 227.05 per liter, whereas earlier its price was Pakistani rupees 233.90 per liter. Petroleum Division officials have clarified that the increase in petroleum levy has been implemented only on petrol and high-speed diesel. The levy rate on kerosene oil has been kept the same as before.
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