In an announcement made late on Tuesday, 19th August, the Philippine Civil Aeronautics Board (CAB) declared that the fuel surcharge will remain under Level 4 for September.
Fuel surcharge is the extra fee that airlines may collect in addition to the base fare to cover the costs incurred from the volatility of fuel.
Currently at Level 4, airlines may impose fuel surcharge rates of PHP117 to PHP342 for domestic flights, and between PHP385.70 to PHP2,867.82 for foreign destinations, depending on the distance.
According to CAB executive director Carmelo Arcilla, airlines wishing to collect a fuel surcharge from its passengers must file an application with the Board on or before the date of effectivity.
It should be noted that the conversion rate for the fuel surcharge in September is US$1 to PHP57.13.
For this year, the CAB first raised the fuel surcharge to Level 5 in March, then dropped to Level 4 in April.
The surcharge dropped to Level 3 in June, but has risen significantly due to the rising cost of aviation fuel.
