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Domestic air fares to be lowered Oct. 30

Domestic air fares to be lowered Oct. 30

Taipei, Oct. 1 (CNA) Fares for domestic flights will be lowered Oct. 30 to reflect falling fuel costs, the Civil Aeronautics Administration (CAA) said Thursday. According to prices published Thursday by the state-run oil refinery CPC Corp., Taiwan, jet fuel in Taiwan has averaged NT$15.98 per liter over the past three months, below the NT$16.23 per liter threshold triggering a markdown in domestic air fares, the CAA said. The CAA said it has requested domestic air carriers to submit their new prices to the administration. Based on a formula adopted by the CAA, if the average price of jet fuel over the past three months drops to NT$21.74, there should be a first wave of price cuts. If the average price falls to NT$16.23, a second wave of cuts is required. Domestic air fares were last lowered in March, when the average price of jet fuel dropped to below NT$21.74. (By Wang Shu-fen and Y.F. Low)


Updated : 2021-09-25 20:28 GMT+08:00