Inflation is taking its toll on many basic commodities as of late and that includes airfare. Owing to the rising jet fuel prices, The Civil Aeronautics Board (CAB) on Monday issued a resolution allowing local airlines like Philippine Airlines and Cebu Pacific Air to impose a fuel surcharge.
According to the guidelines released by CAB, the hike is expected to add P34 to P769 to one-way domestic flights, while international flights will be charged anywhere between P163 to P9,680, depending on the destination.
Due to increasing global prices for jet fuel, CAB said that a barrel which costs $63.66 April last year, now costs $85.16, a 25 percent surge from its previous pricing.
The resolution, which will take effect immediately, was also approved by the Department of Transport (DOTr) for aviation who justified the hike as necessary given the aviation industry is widely affected by rising fuel prices.
DOTr also assured the general public that despite the hike, they will continue to monitor its implementation to make sure that prices are set fairly.
Photos courtesy of Philippine Airlines
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Writer: CHRISTIAN SAN JOSE
