Fuel surcharge for flights booked from May 1-15 drop to level 18
Flights booked from May 1 to 15 are still expected to be pricey, as the fuel surcharge rate for the next two weeks is at Level 18.
Under this, fuel surcharge ranges from P593 to P1,734 for domestic flights and P1,958.44 to P14,561.87 for international trips.
The rates dropped one rung from the current Level 19 surcharge (P627 to P15,397.15) in effect until the end of April.
Airlines wishing to impose or collect fuel surcharge for the same period must file their application with the CAB on or before the effectivity period.
The applicable conversion rate for the coming surcahrge is P60 = US$1.
In a previous advisory, CAB said that it is implementing a 15-day period for fuel surcharge adjustments instead of one month to "mitigate the impact of the fuel price surge on air travel costs."
"This interim measure shall be in effect until the current situation stabilizes, or as may be revised or revoked accordingly," the agency said in its new advisory.
The Department of Energy recently said that as of April 24, the Philippines' average fuel supply can last 54 days. Jet fuel is expected to be enough for 70.83 days.
On April 18, Transportation Secretary Giovanni Lopez said in a news forum that the cost of jet fuel doubled amid the Middle East conflict.
"Dati, pre-war ang bili ng airlines companies ay $80 (P4,800) to $90 (P5,400) per barrel. Ngayon po pumapalo na sa $200 (P12,000) per barrel.
