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CAB to impose fuel surcharges starting July amid rise in jet fuel prices

CAB to impose fuel surcharges starting July amid rise in jet fuel prices

The Civil Aeronautics Board (CAB) is set to impose fuel surcharges starting July 1 which will range from P355 to P1,038 due to the ongoing rise in the prices of jet fuel in the world market.

A plane trip from Manila to Cebu will have a surcharge of P706, for instance, CAB Hearing Examiners Division Chief Atty. Blem Moro said in an interview during the Laging Handa public briefing.

"Many airlines, especially our local airlines, have applied surcharges, including Cebu Pacific and Philippine Airlines, as well as foreign carriers," Moro said.

The CAB official said surcharges are also based on the distance of a flight. She said it will be applicable to domestic and international flights.

Moro said the CAB revised its surcharge matrix following the rise in the price of fuel in the world market last year.

Upon review of the matrix in April and May, Moro said fuel price was at $155 per barrel, with the Philippine peso-US dollar exchange rate at P52:$1.

Moro said the base fare however had barely moved as the airline companies continued to offer promotional and cheap fares.

"'Yun lamang po naidadagdag ang ating mga fuel surcharge, depende po ito sa galaw din ng merkado at kung magkano ang nagiging presyo ng fuel sa pandaigdigang pamilihan," she said.

(Only the fuel surcharge is added. This depends on the movement of fuel prices in the world market.) —KG, GMA News