Philippine Airlines rolls back Fuel Surcharge

Philippine Airlines is to roll back its fuel surcharge on domestic travel by P100 per round-trip flight effective November 17, 2005 as the price of crude oil in the world market eases up. The move is subject to approval by the Civil Aeronautics Board.

PAL executive vice president Henry So Uy said the move is intended to pass on the benefit of lower fuel costs to the flying public.

"This is one way of giving something back to our loyal customers," he said. "At a time when the price of most goods and services is going up, we thought of sharing with the public whatever benefit due us in terms of fuel-cost savings."

In recent weeks, the price of crude oil in the world market has gone down by about 18% to $64.95 per barrel from a high of $79.16 in September.

PAL said that should the cost of fuel ease up further, it will adjust its fuel surcharge accordingly. The flag carrier applied last April 27 a fuel surcharge to its domestic services amounting to P350 per round-trip flight within Luzon, P470 to the Visayas and P650 to Mindanao.

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