Business
The government might drastically lower the price of jet fuel.
The government’s announcement of a significant drop in jet fuel prices is likely to result in a decrease in commercial airline tickets.
Official information indicates that the cost of a litre of jet fuel has decreased by Rs111.44.
The price of jet fuel has been lowered from Rs441.66 per litre to Rs330.32 per litre as a result of the drop.
Airlines are anticipated to benefit from the large reduction, which may also result in cheaper passenger tickets.
The cost of light diesel oil changed concurrently.
Although the updated numbers indicated the new price fixed at Rs273.92 per litre compared to the previous cost of Rs265.84 per litre, officials said that light diesel oil recorded a reduction of Rs8.08 per litre.