Low Oil Prices... Fuel Surcharges for International and Domestic Flights in May All 0 Won

[Asia Economy Reporter Yoo Je-hoon] As the low oil price trend continues, fuel surcharges will not be applied to all domestic and international flight tickets in May. This is the first time in about four years since 2016 that fuel surcharges are not imposed on any flight tickets.

According to the aviation industry on the 17th, the international fuel surcharge for next month will remain at level 0, the same as the previous month, and the domestic fuel surcharge will be lowered by two levels to level 0. As a result, no fuel surcharges will be applied to any flight tickets next month.

Typically, international fuel surcharges are applied stepwise when the average price of Singapore jet fuel per gallon is 150 cents or higher, and domestic surcharges are applied when the average price from the 1st to the end of the previous month is 120 cents or higher per gallon. The average price from the 16th of last month to the 15th of this month, which is the standard for international fuel surcharges, was 65.72 cents per gallon, and the average price for domestic flights from the 1st to the end of the previous month was only 95.16 cents per gallon.

This content was produced with the assistance of AI translation services.