Domestic air fares set to be lowered Oct. 30 after falling fuel costs: CAA
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