Air travelers can expect cheaper tickets next month as the Civil Aeronautics Board (CAB) lowers fuel surcharges to Level 6 for February 2023 from the prevailing Level 7. Fuel surcharge rates have b…
Air travelers can expect cheaper tickets next month as the Civil Aeronautics Board lowers fuel surcharges to Level 6 for February 2023 from the prevailing Level 7.A Level 6 fuel surcharge will mean that passengers purchasing flight tickets for the month of February will only be charged a fuel surcharge of P610.37 for international flights to Taiwan, Hong Kong, Vietnam, Cambodia, or Brunei; or P4,538.40 to destinations more than 14,000 kilometers from the Philippines.
CAB says the fuel surcharge rate was lowered due to a decrease in jet fuel prices monitored from December 2, 2022 to January 9, 2023. The advisory noted that jet fuel averaged P38.92 per liter, which corresponds to Level 6 of the Passenger and Cargo Fuel Surcharge Matrix. The applicable fuel surcharge level, which is the ceiling rate for fuel surcharge, is determined based on the two-month average of jet fuel MOPS prices in its peso-per-liter equivalent.
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