MANILA, Philippines — President Ferdinand Marcos Jr. met with members of the Private Sector Advisory Council (PSAC) to discuss measures to mitigate the impact of oil price fluctuations on the air transport sector, Malacañang said Thursday.
The Presidential Communications Office (PCO) said Marcos and PSAC identified several measures to mitigate the immediate impact of rising fuel costs, including those affecting air transport, and to ensure affordability, operational stability, and minimal disruption to mobility and supply chains.
“President Marcos also underscored the administration’s commitment to work closely with the aviation sector in pursuing other measures to secure a steady supply of oil and fuel amidst global tightening and to cushion the impact of price increases to the traveling public,” the PCO said.
During the meeting, the Department of Transportation reported that the government, through the Civil Aeronautics Board (CAB), adopted a 15-day airfare price monitoring and implementation cycle for the imposition of passenger and cargo fuel surcharges on domestic and international flights.
The CAB’s latest move is aligned with Marcos’ recent directive to create a more responsive mechanism to jet fuel price volatility and help temper fare adjustments.
The Civil Aviation Authority of the Philippines also approved the reduction of passenger service and airport navigation charges in government-operated airports.