Will airplanes no longer fly in Pakistan? Aviation fuel has become 150% more expensive.
New Delhi: Pakistan’s national airline is currently facing the deepest financial crisis in its history. The situation has become so dire that the airline is facing the prospect of a complete shutdown. This will directly impact thousands of ordinary travelers who fly for work, business, or to visit loved ones.
Jet fuel prices have risen 150%
over the past few weeks. This isn’t a minor increase; rather, it’s a massive 150 percent jump. What’s surprising is that this massive increase wasn’t officially announced and was implemented quietly.
According to official data, the price of jet fuel (JP-1), which was ₹190 per liter on March 1, reached ₹472 per liter by March 21. Effective March 21 alone, prices were increased by ₹84 (or 21.65 percent). When the cost of flying an aircraft becomes so high, airlines will naturally pass on the burden of these losses to ordinary passengers. This could put the cost of air travel completely out of the common man’s budget.
Amid this immense financial pressure , PIA
Consortium Chairman Arif Habib issued a dire warning. In an interview clip shared with news channel Bol News on Sunday, he clarified that if jet fuel prices continue to skyrocket, it will become completely impossible for the airline to continue operating.
In Habib’s words, if the situation continues like this, PIA will be “forced to shut down.” Such a statement from the head of any country’s state-owned airline indicates that the crisis is spiraling out of control. This is a major blow to the many passengers whose travel depends on this organization.
The US-Iran War
is the primary reason for the sudden spike in fuel prices. This international tension has severely disrupted supply chains worldwide. There is significant uncertainty globally, leading to persistent disruptions in the supply of aviation fuel.
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