Jet fuel price hiked again | The Daily Star
04:00 PM, March 11, 2021 / LAST MODIFIED: 04:02 PM, March 11, 2021

Jet fuel price hiked again

BPC increases price four times in last four months

Air travelers will have to pay more due to the price hike of jet fuel, sources in the aviation industry told The Daily Star.

This is the fourth time in the last four months since December last year that Padma Oil Company Limited, a subsidiary of BPC, increased jet fuel prices.

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This time, BPC increased Tk 5 for each litre -- with effect from March 10 -- according to Padma Oil Company. In February, the price of per litre jet fuel was Tk 55.

In December, the price of per litre jet fuel was Tk 48, and in January, it was Tk 53.

Talking to The Daily Star, Novo Air Managing Director Mofizur Rahman said BPC has no logical reason behind increasing jet fuel price as the international market has been stable for the last three months.

"Due to the fuel price hike, we will have no alternative to increasing airfare for which passengers will have to face the burden at the end of the day," he also said.

He said the country's aviation industry is on the verge of collapse due to the global Covid-19 pandemic, as this is the worst-hit industry.

"We want to get rid of such monopoly business and the whimsical decision of BPC," said Mofizur.

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