The jet fuel price has dropped significantly following the government’s decision.
The price of jet fuel for commercial airlines has been reduced by Rs75 per litre, bringing the new price to Rs396 per litre.
Over the past few weeks, jet fuel prices have dropped significantly, leading to a slight reduction in airfares.
Similarly, the government also reduced the price of kerosene.
The price of kerosene has been reduced significantly. Kerosene has become cheaper by Rs63.60 per litre, and the new price has been fixed at Rs365.21 per litre.
Petrol prices
Meanwhile, the price of petrol has been increased to Rs393.35 per litre for the next week. Diesel prices have also gone up by Rs26.77 per litre, bringing the new rate to Rs380.19 per litre.
The announcement was made in a press release issued by the Petroleum Division. It said the prices were revised for the week starting on April 25.
Petrol is mostly used in private transport, small vehicles, rickshaws and two-wheelers and has a direct bearing on the budget of the middle and lower-middle class. High-speed diesel is mainly used in the heavy transport sector and for large generators.
The government has been revising petroleum prices every week on Friday night following the now-paused US-Israeli war on Iran, which began on February 28. The war also led to a global fuel crunch caused by the closure of the Strait of Hormuz, through which one-fifth of the world’s supply of oil and gas passes.
