PIA and train rates will decrease by 10%, says ministry

Saturday: Federal Minister for Railways and Aviation Khawaja Saad Rafique announced a ten percent drop in airline and train rates in response to a decrease in the price of petroleum products.

Rafique declared in a video message that the Ministry of Railways has decided to reduce rates by 5 to 10 percent due to the recent decline in the price of petroleum goods.

For the next 30 days, the economy class of the Pakistan Railways express train, and both classes of all domestic flights operated by Pakistan International Airlines (PIA) have been discounted.

The minister disclosed that the new pricing would become effective tomorrow (July 17) and that an official announcement would also be released tomorrow.

After this, the Civil Aviation Authority (CAA) would also press private airlines to decrease their fares, according to Rafique.

He anticipated that provincial governments would also encourage local transport companies to lower fares.

Prime Minister Shehbaz Sharif declared on Thursday that the government had reduced the price of petrol by Rs18.50 per liter to provide customers with utmost assistance.

The government agreed to decrease the price of petrol and diesel by Rs18.50 and Rs40.54 per liter, respectively, in response to the price decline on the international market.

The new price per liter of gasoline will be Rs230.24, while diesel will be priced at Rs236. Meanwhile, the tax on petroleum products has not been increased.