Pakistan Slams Brakes on Luxury Fuel Amid Global Oil Crisis
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Pakistan has decided to increase the price of high-octane fuel by 200% from PKR 100 to PKR 300 per litre, as per ARY News.
The decision was taken during a high-level meeting chaired by Prime Minister Shehbaz Sharif, where he reviewed matters related to fuel pricing and economic relief.
The increase in high-octane fuel prices will not impact public transport fares and air travel costs, ARY News reported.
This move comes after the federal government raised petrol and diesel prices by PKR 55 per litre on March 6, as surging global oil prices put pressure on domestic energy costs.
Pakistani airlines also increased fares following an uptick in jet fuel prices, with domestic ticket prices rising by PKR 2,800 to PKR 5,000 and international travel fares increasing by PKR 10,000 to PKR 28,000.
