Jet fuel prices rise 10.3% for October

Jet fuel prices have increased by 10.3% for October, raising operating costs for both domestic and international airlines as the Bangladesh Energy Regulatory Commission (BERC) revised Jet A-1 prices for the second consecutive month.
For domestic flights, the price has been set at Tk182.71 per litre, up from Tk165.65 in September. The increase is Tk17.06 per litre, or 10.3%, from the previous month.
For international flights operated by local and foreign airlines, the price has been fixed at US$1.1882 per litre, including customs duties and VAT. The September rate was $1.0770 per litre, meaning the international rate has increased by $0.1112 per litre, or around 10.3%.
The revised rates came into effect from midnight, according to a BERC order issued on Wednesday.
BERC said the rates were determined based on the average published Platts rate for Jet A-1 between 5 September and 4 October, the US dollar exchange rate considered in Bangladesh Petroleum Corporation’s (BPC) letter of credit settlement and other relevant cost factors.
The commission said it reviewed international Jet A-1 prices, the exchange rate and related costs before finalising the October rates.
Jet fuel prices have now risen for the second consecutive month.
In September, BERC raised the domestic jet fuel price to Tk165.65 per litre from Tk159.52, while the international rate increased to $1.0770 per litre from $1.0358.