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Jet Fuel Price Raised Again, Up 12% in Bangladesh
Representational Image.
Bangladesh has raised jet fuel prices for the third time in less than a month, adding fresh pressure on airlines and raising concerns over higher airfares.
The Bangladesh Energy Regulatory Commission (BERC) announced the new rates on Monday, saying the revised prices will come into effect from midnight.
Under the latest adjustment, the price of jet fuel for domestic flights has been increased to Tk227.08 per litre from Tk202.29, marking a 12.26 percent rise.
For international flights, the price has been raised to $1.4806 per litre from $1.3216 per litre, excluding duties and VAT.
The latest hike follows two previous increases in March. On 24 March, jet fuel prices were raised sharply by around 80 percent for domestic flights and nearly 79 percent for international routes. Before that, on 8 March, domestic jet fuel prices were revised from Tk95.12 to Tk112.41 per litre, while international rates increased from $0.62 to $0.7384 per litre.
Airline operators say the repeated increases are putting severe pressure on the aviation sector.
Industry insiders noted that while the latest increase may appear smaller than the earlier hikes, the cumulative rise in jet fuel prices over the past two months has been substantial.
Jet fuel for domestic routes, which was priced at around Tk95 per litre in early February, has now climbed to more than Tk227, representing an increase of well over 100 percent within a short period.
The rising base price has also pushed up the tax burden on airlines, further increasing operational costs.
Aviation stakeholders warned that unless supportive measures are introduced, such as tax reductions or pricing adjustments, airlines may have little choice but to pass the added cost on to passengers through higher ticket prices.
They also pointed out that several countries have reduced fuel-related taxes to help airlines cope with rising costs, and said similar steps could help ease pressure on Bangladesh’s aviation industry.