BERC raises jet fuel price for domestic flights

The Bangladesh Energy Regulatory Commission (BERC) has increased the price of jet fuel (Jet A-1) for domestic flights and reduced it for international flights for November, according to a press release issued on November 5.

The price for domestic flights has been set at Tk 189.03 per litre, including duties and value-added tax (VAT), an increase of Tk 6.32 from the previous rate of Tk 182.71 set on October 7.

For international flights operated by both local and foreign airlines, the price has been lowered to 1.1637 per litre, excluding duties and VAT, down 0.0245 from the previous rate of 1.1882.

BERC said the revised prices would take effect from midnight on November 5. The rates were determined based on the average Platts prices in the international market between October 5 and November 4.

The commission held a public hearing on Thursday on price proposals submitted by Bangladesh Petroleum Corporation (BPC) and Padma Oil Company Limited under sections 34(4) and 34(6) of the Bangladesh Energy Regulatory Commission Act, 2003.

During the hearing, BERC considered detailed Platts price data and the US dollar exchange rate used by BPC to settle letters of credit.

According to media reports, the price of jet fuel for domestic flights was Tk 95.12 per litre in February, before the war in the Middle East began, before rising to Tk 227.08 in April.