Monday, May 18 2026

PSO announces major cut in jet fuel prices
Pakistan State Oil (PSO) announced a major reduction in jet fuel prices on Sunday, slashing rates by Rs 111.44 per litre. To shield consumers from a recent spike in ex-refinery costs for petrol, the government adjusted the Petroleum Levy (PL) on both petrol and HSD effective from Saturday. According to the PSO’s official website, the jet fuel price was brought down to Rs 330.22 per litre, sparking hopes of a drop in domestic and international airfares. Aviation industry sources indicate that this substantial cut will significantly ease operational pressures for airlines, likely translating into cheaper ticket prices over the coming weeks.
Related news categories: business economic-indicators oilgas-marketing psx stock-exchanges
Related symbols: pso (news stock)