The Pakistan government has sharply reduced jet fuel prices, raising hopes for cheaper domestic and international air tickets, the private media channel reported on Sunday.
The government cut jet fuel prices by Rs111.44 per litre, bringing the new rate to Rs330.22 per litre.
Aviation industry sources said the reduction would lower airlines’ operating costs and could help reduce ticket prices in the coming weeks.
Officials said airlines are expected to get major relief after the latest change in petroleum prices.
Industry insiders said jet fuel had cost around Rs188 per litre before tensions and conflict in the Middle East pushed prices higher. However, airline operators still believe the current rate remains expensive.
Earlier, on May 9, 2026, the government had increased jet fuel prices by Rs53.11 per litre, taking the rate to Rs441.66 per litre, while also lowering light diesel oil prices.
Meanwhile, the government on Friday also reduced petrol and high-speed diesel prices by Rs5 per litre each to provide relief to the public.
After the latest cut, petrol now costs Rs409.78 per litre, while high-speed diesel is available at Rs409.58 per litre.
Officials said the government made the changes under its fortnightly fuel price review system, which considers global oil prices and currency exchange rates.
Also Read, Pakistan plans higher taxes, fuel levy to meet IMF-backed revenue targets
Earlier, Pakistan’s fiscal outlook for 2026-27 is being shaped under a broad set of commitments agreed with the International Monetary Fund (IMF), featuring higher revenue targets, fresh policy steps and increased reliance on fuel levies and tax enforcement measures.
According to an IMF staff report following the third review of the $7bn Extended Fund Facility and second review of the $1.4bn Resilience and Sustainability Facility, total federal revenues for the upcoming fiscal year are projected at Rs17.145 trillion.
