Travelers must brace for pricier airfares again in early September as the Civil Aeronautics Board (CAB) raised the allowable fuel surcharge, which airlines add to the base fare to account for volatility in jet fuel prices.
In an advisory dated Aug. 27, the regulator said the fuel surcharge will revert to Level 13 from Sept. 1 to 15 after dropping to Level 12 in the earlier cycle from Aug. 16 to 31, as global jet fuel prices drifted higher.
Under Level 13, airlines may collect an additional P423 to P1,237 for domestic trips, up from the P389 to P1,137 in allowable surcharges under Level 12.
That same increase will apply to international flights, with allowable fuel surcharges rising to between P1,396.74 to P10,385.42 from P1,284.40 and P9,550.13 in the previous cycle.
CAB said these charges will be implemented at a conversion rate of P61.39 per US dollar.