The Pakistan government has drastically increased the prices of jet fuel for the fifth time within a month. On Saturday, March 28, 2026, Pakistan State Oil (PSO) announced new prices, after which airplane oil has now reached a record level. The ongoing war in West Asia and shortage of oil in the international market are being said to be the main reasons for this inflation. This decision of the government has increased the financial burden on common passengers and airline companies.
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When and by how much did the prices of air fuel increase?
Air fuel prices in Pakistan have broken all records in the last 28 days. Petroleum Minister Ali Pervez Malik has called this increase a necessary decision to maintain energy supply. The changes in prices can be understood from the table given below:
Time Frame Price Change Details March 1, 2026 Fuel price was Rs 188 per liter March 27, 2026 The price got another increase of Rs 83 per liter March 28, 2026 The new price increased to Rs 476.97 per liter Total increase of about Rs 288 per liter in 28 days
Deputy Prime Minister and Foreign Minister Ishaq Dar clarified that this step had to be taken due to the rise in international crude oil prices. The Cabinet Committee constituted by the Prime Minister is also monitoring this crisis.
What was the impact on air travel and ticket prices?
The cost of air fuel is now directly affecting the pockets of passengers. Airlines have increased fares drastically to cover their operating expenses, which has increased the problems of expatriates and locals.
One-way domestic fares for cities like Karachi, Lahore and Islamabad have reached Rs 40,000. More than Rs 50,000 is being charged from passengers for booking tickets on the spot i.e. for chance seats. Tickets for international flights to Gulf countries (Middle East), Toronto and Europe are now available between Rs 3 lakh to Rs 7 lakh. Airlines are facing difficulty in operating flights due to fuel shortage and limited oil reserves. Industry experts say that if prices continue to rise like this, the number of flights may be reduced in the coming days. The International Monetary Fund (IMF) has also put pressure on the Pakistan government to increase the prices of petrol and diesel.
