Taipei, Nov. 1 (CNA) Domestic airlines will be allowed to increase ticket prices for flights nationwide to reflect increasing international crude oil prices, the Civil Aeronautics Administration (CAA) said on Wednesday.
In a statement, the CAA said domestic airlines will be permitted to increase airfares for destinations around Taiwan and its offshore islands by an average of 4.5 percent, or NT$95 (US$2.93), from Nov. 30, based on the latest fuel prices announced by CPC Corp., Taiwan earlier the same day.
The increase in average fuel prices over the past three months has reached the threshold stipulated by related regulations for airlines to increase ticket prices for domestic flights, the CAA said.
Over the September-November period, the average fuel price for domestic carriers stood at NT$28.01 per liter, topping the threshold of NT$27.25 per liter set by the transportation ministry, the CAA explained.
Since 2014, fuel prices for domestic carriers have been cut four times and increased three times, with the latest fall implemented in August, according to the CAA.
(By Flor Wang and Yu Hsiao-han)