Civil Aeronautics Board
MANILA, Philippines – Additional charges on airfares due to fuel prices are set to go down to their lowest level since the Middle East conflict began, after the Civil Aeronautics Board (CAB) again lowered the allowable jet fuel surcharge effective July 16.
In an advisory on Monday, the regulator set the passenger fuel surcharge at Level 8, matching the rate imposed during the first half of April, the lowest level since oil prices turned volatile following the outbreak of the Middle East conflict on Feb. 28.
READ: Jet fuel surcharge to fall further in July
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