Tuesday, July 17, 2018
Close  
  • share this

CAB to nix airlines’ fuel surcharge

/ 04:41 AM December 24, 2014

MANILA, Philippines—Travelers may find themselves paying for cheaper airline tickets next year as the government is moving forward with an unprecedented plan to “scrap” fuel surcharges, saying these are no longer required because oil prices are falling globally.

Civil Aeronautics Board (CAB) executive director Carmelo Arcilla confirmed in an interview on Tuesday a decision to remove the surcharge on fuel for “all international and domestic airlines with operations in the Philippines, effective immediately.”

Arcilla said the exact timing would depend on when a final resolution is signed but he said the removal of the surcharge could take place in early 2015. The move would result in lower ticket prices as the fuel surcharge can run into the hundreds of US dollars for long-haul international flights.

ADVERTISEMENT

Brent crude oil has declined over 46 percent since June and expectations were for this slump to continue, reports overseas showed.

“This surcharge is imposed by airlines to cover volatile price levels of fuel like upward spikes. Because of the significant reduction in fuel prices, there is now no more basis for the surcharge,” Arcilla said.

Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Air Fare, Airline Tickets, airlines, CAB, Carmelo Arcilla, Civil Aeronautics Board
For feedback, complaints, or inquiries, contact us.
newsinfo

Polangui Mayor Sampal slapped with charges

July 18, 2018 04:21 AM

entertainment

‘Respeto’ wins in New York

July 18, 2018 12:20 AM

entertainment

Webcam catches young cutie with his pants down

July 18, 2018 12:15 AM

entertainment

‘Star Wars Rebels’ ends on a bittersweet note

July 18, 2018 12:10 AM



© Copyright 1997-2018 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.