Bangladesh, July 8 -- The revised prices, announced in a notification on July 8, take effect from midnight.

Under the new rates, jet fuel for domestic flights will cost BDT 130.99 per liter, down from BDT 150.21. Meanwhile, the price has been reduced to USD 0.8556 per liter from USD 0.9808 for international flights.

The latest adjustment follows a BDT 15.67-per-liter reduction BERC made in the previous month. Prior to that, in May, jet fuel prices were cut by a combined BDT 61.12 per liter in two phases.

The cuts come after a series of sharp price hikes earlier this year, following attacks by the United States and Israel on Iran on February 28.

Before the conflict, domestic jet fuel was priced at BDT 95.12 per liter in February. In M...