11/07/2022
An overnight increase of jet fuel price to taka 130, about 18% jump. On the contrary we are going down with fare in competition to grab the market share of domestic passengers. A suicidal journey we are forced to take by our national carrier Biman, which has no book of accounts to keep.
Airlines are at the whims of sole fuel supplier Padma (BPC) who charge at least 50-60% higher price from world average. When fuel price drops at international market then it is not adjusted accordingly.
You need 20-25% extra to pay for fuel for domestic flight.
If this is the way forward then Bangladesh is never going to have a viable private sector airlines.