Flag carrier Philippine Airlines (PAL) said Monday it would cut its fuel surcharge for selected domestic and international flights effective January 1 to reflect lower oil prices in world markets.
In a statement, PAL said that it will reduce the fuel surcharge for some international flights by as much as $45 and for most domestic routes, by up to P100. PAL will likewise cut the fuel surcharge imposed on domestic cargo by P1 per kilogram.
For PAL flights originating from the Philippines to international points, the surcharge will decrease by a maximum of $45 per flight.
For PAL domestic and PAL Express flights between Manila and other domestic points, the surcharge will further drop by P100.
PAL said it would continue to review its fuel surcharge as world oil prices ease.
On Monday, oil prices were above $43 a barrel, down from a peak of $147 last July, as weakening global demand weighed on the market.