Taiwan-based airlines are set to offer cheaper airfares beginning this coming Sunday. Taiwan’s Civil Aeronautics Administration (CAA) made the announcement on Monday, saying that the airfare cuts were in line with falling oil prices.
The CAA said fuel surcharges for long-haul international flights will drop from US$52 to US$39 per ticket for a one-way trip, starting January 11th. The fuel surcharges for short-haul regional flights will also be cheaper with passengers paying US$15 instead of US$20.
The CAA made the decision following price cuts by the state-run petroleum corporation, CPC Corporation, Taiwan. The company said on Monday that crude oil prices in January have already plunged to US$86.71 per barrel.