The Bangladesh Energy Regulatory Commission (BERC) has announced a major reduction in aviation fuel prices for both domestic and international flights, effective from midnight.
Under the latest adjustment, jet fuel prices for domestic flights have been reduced by Tk 39.57 per liter, bringing the new rate down to Tk 165.88 from the previous Tk 205.45 per liter.
For international routes, the duty- and VAT-free jet fuel price for both local and foreign airlines has been cut to $1.0823 per liter from $1.34.
BERC reviews and adjusts aviation fuel prices every month in line with changes in the international oil market.
This is the second reduction in jet fuel prices in May alone.
Earlier on May 7, BERC reduced domestic jet fuel prices from Tk 227.08 to Tk 205.45 per liter, while international rates were lowered from $1.48 to $1.34 per liter.
Before the recent downward adjustments, aviation fuel prices experienced a series of sharp increases earlier this year.
According to BERC, the earlier hikes were driven by geopolitical tensions in the Middle East and concerns over global fuel supply disruptions linked to the Strait of Hormuz.
On April 7, domestic jet fuel prices were increased to Tk 227.08 per liter from Tk 202.29, while international rates rose to $1.48 per liter.
A major price hike was also recorded on March 24, when domestic aviation fuel prices jumped to Tk 202.29 from Tk 112.41 per liter, while international prices increased to $1.32 from $0.74 per liter.
Earlier on March 8, domestic jet fuel prices were raised to Tk 112.41 from Tk 95.12 per liter, while international rates climbed to $0.7384 per liter.
Following the steep increases in March, the Aviation Operators Association of Bangladesh (AOAB) strongly criticized the price hikes, describing them as “unreasonable.”
