ANA to reduce international fuel surcharge from October 2010

ANA to reduce international fuel surcharge from October 2010

ANA today applied to the Ministry of Land, Infrastructure, Transport and Tourism to reduce its fuel surcharge on international flights from October 1, 2010. The fuel surcharge is fixed for a period of two months, after which it is revised on the basis of the average market price of Singapore kerosene for the two months previous to the date of application for revision. As jet fuel fell to an average of US$86.21 per barrel from June to July 2010,  the surcharge will be fixed in accordance with the chart below.

Surcharge Levels (per person per single sector)

Conditions for Revision (and removal) of the Surcharge
(1) The fuel surcharge will not be revised for the two months from October 1 to November 30, 2010 regardless of market movements. The levels stated are subject to government approval.
(2) The level of the fuel surcharge from December 1, 2010 will be fixed based on the average market price of Singapore kerosene for the months of August and September. 
(3) If the two months average cost of Singapore kerosene falls below US$60 per barrel, the fuel surcharge will be removed altogether.