Railways, PIA reduce fares for domestic travel by 10%

The railways ministry and the Pakistan International Airlines (PIA) announced a 10 per cent reduction in the fares for domestic economy class travel on Saturday.

In a video message, Rafique said that after the reduction in prices of petroleum products, a 10% discount would be given on the fares of both the economy class of Pakistan Railways and domestic flights of PIA.

The reduction in fares will be applicable from midnight tonight, he added.

Saad Rafique stated that the reduction in fares would be applicable for the next 30 days from July 17 onwards.

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“The notification of the reduction in fares will be issued tomorrow,” he said.

According to the minister, 94% of passengers in Pakistan Railways and more than 90% of passengers in PIA travel in the economy class.

Reduction in petroleum prices

Earlier this week, Prime Minister Shehbaz Sharif had announced a reduction of Rs40.54 per litre in the price of diesel and Rs18.50 per litre in that of petrol to pass on the benefit of the drop in global oil prices to consumers.

Addressing the nation, the premier said that by slashing the petroleum prices, the incumbent government was also fulfilling its promise of passing on the benefit of any decrease to the consumers in Pakistan.

He pledged to continue passing on the impact of the reduction in global oil prices to the people in the coming months. “There has been a major reduction in global oil prices and therefore the government had decided to pass on the relief to the Pakistani consumers,” he said.