BD cuts jet fuel prices in line with global mkt

Bangladesh has reduced jet fuel prices for both domestic and international flights in a move aimed at aligning local rates with global market trends amid easing volatility in international energy markets.Officials said the price adjustment follows recent fluctuations in global oil prices driven by geopolitical tensions, particularly in the Middle East.

As market conditions stabilized, authorities implemented two rounds of price reductions after earlier increases. Kawsar Mahmud, spokesperson for the Civil Aviation Authority of Bangladesh (CAAB), said the revised rates reflect prevailing international market conditions.”Jet fuel prices were earlier increased but have since been reduced in line with global market trends.

The current prices are broadly balanced with international benchmarks,” he said.The Bangladesh Petroleum Corporation (BPC), which is responsible for setting and regulating jet fuel prices in the country, issued the latest price schedule on June 7.

Under the revised rates, the price of jet fuel for domestic flights was reduced by Tk15.67 per litre, falling from Tk165.88 to Tk150.21 per litre.

For international flights, the price was cut from $1.0823 per litre to $0.9808 per litre.Industry insiders said Bangladesh’s jet fuel prices remain competitive compared with several countries in South Asia and the broader region.

According to aviation sector data, domestic airlines in India currently pay around 115 Indian rupees per litre, while rates for international and market-based operations range between 143 and 150 rupees per litre.

Pakistan recently lowered its jet fuel price to approximately 283.52 Pakistani rupees per litre.In Sri Lanka, jet fuel prices remain relatively high at around $209 per barrel due to continuing global market uncertainties. Meanwhile, Saudi Arabia and Qatar maintain rates broadly in line with international trends.

Boshra Islam, spokesperson for Biman Bangladesh Airlines, said fuel price fluctuations directly affect airline operations, though the latest reduction has provided some relief to carriers.Aviation expert Kazi Wahidul Alam said jet fuel costs play a significant role in determining airfare levels, particularly on Bangladesh’s busy Middle East routes.

However, he noted that the recent price adjustment has not had a noticeable impact on ticket prices so far. He added that Bangladesh’s current jet fuel rates are largely comparable to those of other countries, although any significant increase in fuel costs could place additional pressure on airlines and passengers alike.