Jet fuel price jacked up

Jet-fuel price has been jacked up again for both domestic and international flights amid the persistent global oil-price volatility, thus making aviation expensive.
Bangladesh Energy Regulatory Commission (BERC) Tuesday issued a release hiking the airplane-fuel prices, citing global price volatility amid the Middle East crisis.
According to the new announcement, the price of jet fuel rises by about Tk 25 per litre, effective from midnight last (April 7) night.
The fuel price for international flights rises by around 12.03 per cent to US$1.4806 per litre from US$1.3216.
For domestic flights, the price has been hiked by around 12.61 per cent to Tk 227.80 from previous Tk 202.29 per litre.
"The adjustment has been made in line with the global market prices and average Platts rates for the period between March 23 and April 4," the energy regulator explains.
"The new rates will remain in effect until further notice," the commission notes about the hike that will make both passenger and freight fares costlier.
Separately, State-run Rupantarita Prakritik Gas Company Ltd (RPGCL) has floated tender to purchase three more liquefied natural gas (LNG) cargoes from the spot market by mid-May to meet fuel exigencies.
The volume of the spot LNG cargo is approximately 3.36 million British thermal unit (MMBtu) each, according to a senior RPGCL official.
The cargoes are to be delivered to Moheshkhali Island, with an option to discharge to either of the country's two floating storage and re-gasification units (FSRUs), located on the Bay island, he said.
RPGCL is a part of the state-owned Bangladesh Oil, Gas and Mineral Corporation, also known as Petrobangla, and is responsible for LNG trading in Bangladesh.
If these tenders work, the country's total LNG spot-cargo buys for this year will reach 16 so far, and 14 of them after the commencement of the US-Israel war against Iran.
The South Asian country "is buying more spot LNG cargoes from previously planned sources as most of its long-term LNG suppliers, including Qatar, the US and Oman, have stopped LNG delivery announcing 'force majeure,'" he said. Bangladesh had imported a total of 49 LNG cargoes from the spot market in 2025, said the RPGCL official.
Since Bangladesh's LNG import began in 2018, the country has imported approximately 35.878 million metric tonnes of LNG through 579 cargoes as of February 2026, according to RPGCL data.

Azizjst@yahoo.com