THE Civil Aeronautics Board (CAB) on Tuesday announced that fuel surcharges will remain at Level 4 effective Feb. 1 to 28.
The surcharge rates had been in effect for the seventh consecutive month.
In an advisory, the country’s air transport regulator said that under Level 4, the fuel surcharge for domestic flights ranges from P117 to P342, depending on the distance.
For international flights, surcharge may range from P385.70 to P2,867.82.
For the cargo fuel surcharge, airlines are allowed to charge P0.60 to P1.76 per kilogram for domestic flights under Level 4, and P1.98 to P14.74 per kg for international flights.
“Airlines wishing to impose or collect fuel surcharge must file its application with CAB on or before the effectivity period, with fuel surcharge rates not exceeding the above-stated level,” CAB said.
Airline fuel surcharge is an optional fee, imposed and collected by airlines to recover losses caused by upward spikes in fuel costs.
According to the International Air Transport Association’s (IATA) Jet Fuel Price Monitor, average jet fuel prices stood at $89.637 per barrel as of Jan. 16, down by 0.4 percent from the same period last year.