Jet fuel prices have soared from $85-$90 per barrel to $150-$200 per barrel in recent days for an industry where fuel accounts for up to a quarter of operating expenses.

The Bangladesh Energy Regulatory Commission, in an unprecedented move, yesterday hiked jet fuel prices by a whopping 80 percent at the consumer level, citing volatility in the global market linked to the US-Israel war on Iran.

Operators call BERC’s decision unjustified

Revised pricing lifts fuel for domestic flights to Tk 202.29 per litre and international flights to $1.3216 amid global market volatility

Local airlines will face a severe blow and lose global competitiveness due to the unprecedented increase in jet fuel prices in the domestic market yet again.

The price of per litre jet fuel was raised by Tk 5 — to Tk 111 — for domestic flights today (June 12, 2022) by Padma Oil Company Limited, a subsidiary of Bangladesh Petroleum Corporation.

Jet fuel price has gone up again – the 14th price hike in 18 months – dealing a severe blow to the already struggling aviation industry.

Jet fuel price has shot up again from last week – for the 13th hike in 17 months – causing severe blow to the already struggling Bangladeshi aviation industry.