Taiwan : Authorities to Reduce Fuel Surcharge Tax
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Friday, 05 September 2008 |
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Taiwan’s aviation authorities announced this week that domestic
airlines would cut fuel surcharges on international routes to reflect
cheaper oil prices.
Starting September 10, local air carriers will cut the surcharge from 37.5 US dollars to 30 dollars for each short-haul flight and from 97.5 US dollars to 78 dollars for each long-haul flight, the Civil Aeronautics Administration said in a statement.The administration announced a 8.3 per cent fuel surcharge hike on June 3, based on a two-month average of 157.44 dollars per barrel for aviation fuel.
The cut comes as the island’s state-owned oil company CPC Corp quotes jet fuel prices at $146 for Sept, it said. Fuel surcharges were first imposed in June 2004 to help local carriers ease increasing operation costs stemming from oil price hikes.
PetrolWorld 030908 Source :AFP
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