The Civil Aeronautics Board said Thursday it expects cheaper airfare in starting February because of lower jet fuel prices.
“Right now we reduced level 4 to level 3. Hopefully it will continue to [go down]. In general it’s going down, although it is still erratic in the sense that sometimes it will spike up but the general trend is going down,” CAB executive director Carmelo Arcilla told reporters.
Under level 4, the fuel surcharge for passengers of one-way domestic flights would range between P108 and P411, while those flying overseas would be charged P543 to P5,189.
Under level 0, the price of jet fuel is P21 per liter and below; level 1, more than P21 to less than P24 per liter; level 3, P27 to less than P33; level 5, P33 to less than P36; level 6, P35 to less than P39; and level 7, P39 to less than P42.
“We will just review the trends in the past two months. By Feb. 15, we will announce the fuel surcharge rate,”Arcilla said.