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CAB lowers fuel surcharge level effective Sept. 1

By Ma. Cristina Arayata

August 16, 2022, 6:16 pm

<p>(<em>File photo by Cristina Arayata</em>)</p>

(File photo by Cristina Arayata)

MANILA -- The Civil Aeronautics Board (CAB) has announced that effective from Sept. 1 to 30, a level 9 fuel surcharge will be imposed, which is lower than the current level 12.

In an advisory dated August 15, CAB said that from July 10 to August 9, the price of jet fuel averaged PHP46.73 per liter, and this corresponds to level 9 of the passenger and cargo fuel surcharge matrix.

For comparison, fuel surcharges per passenger of domestic flights range from PHP389 to PHP1,137; and from PHP1,284.40 to PHP9,550.13 for international flights, under level 12.

On the other hand, under level 9, fuel surcharges range from PHP287 to PHP839 per passenger of domestic flights; and from PHP937.39 to PHP7,044.27 for international flights originating from the Philippines.

"This is a welcome development. We look forward to the lower fuel surcharge which should help make fares more affordable and stimulate air travel," Cebu Pacific chief commercial officer Xander Lao told the Philippine News Agency on Tuesday.

AirAsia Philippines also welcomed the lowering of fuel surcharge cost to level 9, saying adjustments to ticket prices will be reflected accordingly.

Meanwhile, the CAB said airlines wishing to impose or collect fuel surcharge for the same period must file their application with the Office of the Executive Director on or before the effectivity period.

The fuel surcharge rates should not exceed that of level 9.

The CAB added that for fuel surcharge to be collected in equivalent currency, the applicable conversion rate is USD1 = PHP55.93. (PNA)

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