Bangladesh, July 8 -- The Bangladesh Energy Regulatory Commission (BERC) has reduced the price of Jet A-1 aviation fuel for the fourth consecutive time since May.

For July, the price for domestic flights has been reduced to Tk 130.99 per litre from Tk 150.21, a cut of Tk 19.22.

Duty- and VAT-free jet fuel for domestic and foreign airlines operating international flights has been lowered to $0.86 per litre from $0.98.

In a media statement, the BERC said the new rates would take effect from midnight on Tuesday and remain valid until further notice.

The commission said July's prices were adjusted using the average published Platts Jet A-1 price between Jun 5 and Jul 4, the US dollar exchange rate used in Bangladesh Petroleum Corporation...