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๐Ÿ‡น๐Ÿ‡ผ Taiwan /Economy & Trade

Taiwan to Lower International Flight Fuel Surcharges from July 7

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Taiwan's Civil Aeronautics Administration announced a reduction in international air passenger fuel surcharges, effective July 7, due to falling jet fuel prices.
  • Short-haul routes will see a decrease to $27.50, and long-haul routes to $71.50.
  • The adjustment follows a mechanism established in 2005, based on China Petroleum Corporation's international aviation fuel price benchmarks.

Taiwan's Civil Aeronautics Administration (CAA) has announced a reduction in international air passenger fuel surcharges for domestic airlines, set to take effect on July 7. This adjustment is a direct response to the recent decline in international aviation fuel prices.

Under the revised rates, the surcharge for short-haul international routes will decrease from $35 to $27.50. Similarly, the surcharge for long-haul international routes will be lowered from $91 to $71.50. The CAA has instructed airlines to clearly disclose relevant information to consumers, ensuring transparency and protecting passenger rights.

Due to the recent drop in aviation fuel prices, domestic airlines' international route passenger fuel surcharges will be lowered starting July 7. Short-haul routes will be reduced to $27.50, and long-haul routes to $71.50.

โ€” Civil Aeronautics AdministrationThe CAA announces the upcoming reduction in fuel surcharges.

The mechanism for adjusting these surcharges was coordinated with domestic airlines in 2005. It uses the benchmark price of international aviation fuel announced by the China Petroleum Corporation (CPC) as the basis for calculation. The system categorizes fuel price levels, with surcharges applied starting from a benchmark of $40 per barrel. For every $10 increase in oil prices, surcharges increase by $2.50 for short-haul routes and $6.50 for long-haul routes.

According to CPC's announcement today, the international aviation fuel price has dropped from $160.1 per barrel to $133.29. This significant decrease moves the pricing from the 14th tier to the 11th tier, necessitating the reduction in surcharges. The CAA has requested that airlines provide details on fuel costs as a proportion of total expenses or explain the calculation methods to alleviate consumer concerns. Passengers can also find this information on airline websites or by contacting the airlines directly.

The CAA has requested that airlines disclose relevant background information, such as the proportion of fuel costs in total costs or the calculation method, to resolve consumer doubts.

โ€” Civil Aeronautics AdministrationThe CAA emphasizes the need for transparency regarding fuel surcharge adjustments.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.