Dhaka has cited volatility in the global market linked to the US-Israel war on Iran as the trigger for the move
Bangladesh has enacted an 80% hike in jet fuel prices, the second upward revision in March, the national regulator announced on Tuesday.
The Bangladesh Energy Regulatory Commission (BERC) cited volatility in global prices amid the Middle East conflict as the reason for the move.
“We had to adjust the jet fuel price for the second time this month, considering the international fuel price rate which has shot up,” BERC Chairman Jalal Ahmed was quoted by AFP as saying.
Jet fuel has been set at $1.32 per litre for international flights. The revised rates will apply to both local and foreign carriers, although pricing tiers may vary depending on operational categories. The new rates took effect from midnight on Tuesday.
Earlier this month, BERC made a similar move to sharply increase jet fuel prices, although the decision was suspended within hours following an emergency review.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: rt.com
