Bangladesh cuts jet fuel Tk 39.57 per litre
- Bangladesh Energy Regulatory Commission said on May 23 it cut jet fuel prices by Tk 39.57 per litre, with the revised rates taking effect from midnight. - The Tk 39.57 reduction followed a Tk 22.35 per litre cut on May 7, after earlier increases of nearly Tk 25 and Tk 90. - The revised pricing was based on May 5-21 average Platts Jet A-1 rates, dollar exchange rates and diesel prices, BERC said.
Bangladesh cut jet fuel prices again late on May 23, trimming the rate by Tk 39.57 per litre in its second reduction this month, according to a notice reported by Dhaka Tribune. The Bangladesh Energy Regulatory Commission, or BERC, said the revised prices would take effect from Saturday midnight. The move follows a volatile stretch in which jet fuel prices were first raised in March and April and then cut twice in May. The regulator said the latest revision was tied to international benchmark prices, the taka-dollar exchange rate used in import settlements and local diesel prices. ### Which agency announced the cut, and when does it take effect? BERC announced the reduction in a press release issued on Saturday, Dhaka Tribune reported. The regulator said the lower jet fuel price would take effect from Saturday midnight, making the change effective as Bangladesh heads into the final week of May. (dhakatribune.com) May 23 is the publication date cited by Dhaka Tribune for the latest adjustment. The story attributes the decision to BERC, not the Civil Aviation Authority of Bangladesh, and says the reduction applies to aviation fuel pricing set under the regulator’s latest notice. ### How large is the latest reduction? (dhakatribune.com) The cut was Tk 39.57 per litre, according to the Dhaka Tribune report. That is larger than the previous May adjustment, when jet fuel prices were reduced by Tk 22.35 per litre on May 7. March 24 and April 7 mark the earlier moves in the same pricing cycle. Dhaka Tribune said prices rose by Tk 90 per litre on March 24 and by nearly Tk 25 per litre on April 7 before the regulator reversed course this month. (dhakatribune.com) ### What drove the new pricing formula? BERC said the revised pricing was calculated using the average Platts rate for Jet A-1 fuel between May 5 and May 21, according to Dhaka Tribune. (dhakatribune.com) The regulator also cited the U.S. dollar exchange rate used for Bangladesh Petroleum Corporation letter-of-credit settlements and prevailing diesel prices. Bangladesh Petroleum Corporation is the state entity whose import settlement exchange rate was referenced in the calculation, the report said. Dhaka Tribune did not cite a separate policy rationale beyond the benchmark-based pricing formula laid out in the regulator’s notice. ### How unusual is this month’s back-to-back change? (dhakatribune.com) May has already brought two downward revisions. Dhaka Tribune reported on May 7 that BERC had reduced jet fuel prices after multiple hikes in recent months, and the May 23 move cut them again before the month ended. Last year’s pricing history shows Bangladesh has adjusted jet fuel rates before in response to market conditions. (dhakatribune.com) In a June 2025 report, Dhaka Tribune said domestic jet fuel prices were reduced from Tk111 to Tk93.57 per litre, while the international rate was lowered from $0.7500 to $0.6066 per litre. ### What should carriers and market participants watch next? (dhakatribune.com) May 21 is the end date for the Platts pricing window used in the latest calculation, according to the regulator’s methodology cited by Dhaka Tribune. Any further revision would likely depend on the next benchmark window, the dollar rate used in Bangladesh Petroleum Corporation import settlements and domestic diesel pricing. (dhakatribune.com) BERC’s next notice will be the document to watch for another change. Dhaka Tribune’s reporting shows the regulator has already revised jet fuel prices four times since March 24, with two cuts announced in May alone. (dhakatribune.com)
