Airlines Get Lift as Domestic Jet Fuel Prices Stay Grounded

State-owned firms have kept domestic aviation fuel prices steady despite global surges but raised international rates. Commercial and 5-kg LPG cylinder prices spiked dramatically, reflecting soaring global energy costs. Fuel prices remain static for most local consumers, with strategic hikes seen in industrial sectors.

In a bid to stabilize the aviation industry, state-owned oil firms decided on Friday to keep prices of aviation fuel for domestic airlines unchanged, despite a worldwide increase in energy costs. This decision spares domestic carriers and passengers from immediate fare hikes.

Conversely, international airlines will face an increase in aviation turbine fuel (ATF) rates by USD 76.55 per kl, marking a 5.33% hike. These changes come amid a global surge in fuel costs, as disruptions continue to reverberate from the conflict in West Asia.

Meanwhile, commercial LPG and 5-kg cylinders, vital for hospitality industries, saw unprecedented price hikes. Despite these changes, the government has maintained a steady price for essential fuels affecting the majority of domestic consumers, highlighting a strategic approach to balance global and local economic conditions.