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Bangladesh Doubles Aviation Fuel Prices Amid Global Market Turmoil

Bangladesh has increased aviation fuel prices for the second time in March, with rates for international flights nearly doubling. The Bangladesh Energy Regulatory Commission cited soaring global prices due to the ongoing Middle East war as the reason. The Aviation Operators Association of Bangladesh has strongly criticized the nearly 80% hike as "unjustified," noting ample fuel stocks and recent declines in international oil prices. The new prices are set to take effect immediately.

Key Points: Bangladesh Jet Fuel Price Soars 80% in One Month

  • 80% price hike for jet fuel
  • Second increase within a single month
  • Blamed on Middle East war impact
  • Airlines association demands urgent review
  • New prices effective midnight
2 min read

Bangladesh increases aviation fuel price

Bangladesh raises aviation fuel prices for the second time in March, citing the Middle East war. Airlines call the 80% hike unjustified.

"unjustified - Aviation Operators Association of Bangladesh"

Dhaka, March 24

Due to the war in West Asia, the price of aviation fuel has been increased for the second time in a month in Bangladesh.

For international flights, the price has been raised from USD 0.7384 per liter to USD 1.3216 per liter.

The price of jet fuel for domestic flights has been set at 202.29 taka per liter. Previously, it was 112.41 taka per liter.

On Tuesday, in a notification, the Bangladesh Energy Regulatory Commission (BERC) announced the new price of jet fuel. Since May last year, the commission has been adjusting prices once every month. This is the first time the price has been adjusted twice within a single month. In the second phase, the price has been increased by 80 per cent.

BERC stated that the second adjustment was driven by a sharp rise in global fuel prices amid the ongoing Middle East war.

In this context, BERC announced that the new jet fuel prices, increased for the second time this month, will take effect from midnight tonight.

The Aviation Operators Association of Bangladesh (AOAB) has termed the nearly 80 per cent increase in jet fuel prices "unjustified" and called for an urgent review.

In a press release signed by AOAB Secretary General Mofizur Rahman following BERC's announcement, the association said there is no shortage of fuel in the country, as confirmed by the relevant ministry. Over the past 22 days, around 25 oil tankers have arrived in the country, and the fuel was purchased at pre-determined prices. Moreover, international oil prices have recently declined. In this context, such a significant price hike based on fears of future increases is not reasonable.

- ANI

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Reader Comments

P
Priya S
Feel for our neighbours. We've seen similar fuel price volatility in India. The war in West Asia is creating ripples across all developing economies. Hope things stabilize soon for the sake of common people. 🙏
R
Rohit P
The aviation association makes a valid point. If there's no current shortage and oil prices are falling globally, why such a sharp hike? Sounds like profiteering under the guise of "future fears." BERC needs to provide more transparent data.
S
Sarah B
Working in the travel sector, this is worrying. The Dhaka-Kolkata and other regional routes are vital for business and family travel. A double price adjustment in a month with no immediate supply issue seems very harsh on airlines and passengers.
V
Vikram M
It's a domino effect. Higher aviation fuel costs → higher ticket prices → less travel → hits tourism and business. Bangladesh's economy is already under pressure. This move, if not justified, could backfire. Hope the review is done fairly.
K
Karthik V
From an Indian perspective, our regulators should watch this closely. While we have our own mechanisms, such a steep, rapid hike sets a concerning precedent for the region. Energy security needs collective, stable policy, not knee-jerk reactions.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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