CAB rules out higher fuel surcharge this year

The Civil Aeronautics Board said Monday there would be no upward adjustment in fuel surcharge until December despite the slight increase in jet fuel prices.

It said the passenger fuel surcharge for domestic and international flights from Oct. 1 to Dec. 31 would remain at Level 2. Under Level 2, airlines are allowed to impose an increase of P45 to P171 for domestic flights and P218 to P2,076 for international flights.

“For August to September 2021, the price of jet fuel averaged $80.22 per barrel, with US dollar exchange rate of P50.19 for the same period. This equivalent to P25.32 per liter, which corresponds to Level 2 of the passenger fuel surcharge matrix,” the regulator said.

“Airlines wishing to impose or collect fuel surcharge for the same period must file its application with this office on or before the effectivity period, with fuel surcharge rates not exceeding the above-stated level,” it said.

Topics: Civil Aeronautics Board , CAB , fuel surcharge , jet fuel prices
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