PIA, private airlines announce significant increases in airfare

After the government raised the price of petroleum items, including aviation fuel, Pakistan International Airlines (PIA) and private airlines raised their fares.

According to reports, Air Blue, Serene Air, and Air Sial have upped their fares and released new fare charts to travel companies.

According to sources, one-way costs for flights between Lahore and Karachi have been raised from Rs35,000 to 70,000.

The massive hike has stunned travelers, who have petitioned the Competitive Commission to take action against the unfair increase in pricing.

Meanwhile, airline officials have attributed an increase in fares due to passenger load following the conclusion of summer vacation on demand and supply.

A day earlier, Finance Minister Ishaq Dar approved an Rs19.95 per litre hike in petrol prices, pushing them to Rs272.95 for the forthcoming fortnightly review.

He stated that the decision was made in the best interests of the country. The announcement, originally set on July 31, was postponed while the government assessed the potential impact on inflation-stricken citizens and sought to preserve or cut rates.

The post PIA, private airlines announce significant increases in airfare appeared first on Economy.pk.