Airfares in Pakistan surge as petroleum prices hit a record high

Hamariweb  |  Aug 03, 2023

In a swift reaction to a substantial upswing in petroleum prices, Pakistan’s aviation sector, including its flagship carrier, has unveiled a revision in airfare rates, signaling a new era of cost considerations for travelers.

Leading the adjustment are Pakistan International Airlines, Air Blue, Serene Air, and Air Sial – the quartet of domestic airlines serving the South Asian nation. Reports indicate that these carriers have implemented an across-the-board increase in ticket prices, with the updated rates already dispatched to travel agents.

Amidst these alterations, travelers are voicing their apprehensions regarding the surge in airfares. Calls for regulatory intervention are being heard as passengers advocate for measures to counteract the escalating costs.

Conversely, airline authorities attribute the fare hike to a combination of elevated petroleum prices and the challenge of accommodating an expanding passenger load.

In a recent development, Finance Minister Ishaq Dar announced a substantial augmentation in petroleum prices for the initial half of August 2023. During a press conference, he detailed a rise of Rs19.95 for petrol and Rs19.90 for diesel per liter. Consequently, the new price points stand at Rs272.95 per liter for petrol and Rs273.40 for high-speed diesel.

Govt Hikes Petrol Price by Rs 20 Per Litre

To provide greater transparency to passengers, the updated ticket prices are conveniently available on the official websites of PIA, Serene Air, Air Blue, and Air Sial. Alternatively, individuals can consult travel agents for the revised fare structure.

This adjustment marks a significant turning point for Pakistan’s airline industry, necessitated by the evolving economic landscape characterized by volatile petroleum costs. As travelers navigate these changes, the nation watches with interest to see how airlines and passengers alike adapt to this new reality.

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