Pakistan Railways has announced a five per cent fare hike for trains in response to the escalating prices of petroleum products.

The new prices would be effective from February 5 (tomorrow).

The fare hike would affect tickets across all train classes, including saloon services and outsourced trains. According to officials, the adjustment was essential because of rising fuel costs.

Pakistan Railways hiked train fares on July 18, 2024, for all services, including economy, AC standard, AC business, and AC parlour classes, have been raised by 1%.

Last month, the government increased the petrol price by Re1 per liter to Rs257.13 while diesel rates by Rs7 per litre to Rs267.95 per liter.

Oil prices retreated on Tuesday as US President Donald Trump paused for a month a decision on steep tariffs on Mexico and Canada, the United States’ biggest foreign oil suppliers, while prospects of higher OPEC+ supplies from April also weighed.

Brent futures fell 50 cents, or 0.7%, to $75.46 a barrel by 0432 GMT, while US West Texas Intermediate (WTI) crude declined 89 cents, or 1.2%, to trade at $72.27.

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