MANILA, Philippines – Travelers flying domestically or abroad in April will face sharply higher airfares after the Civil Aeronautics Board (CAB) raised the passenger fuel surcharge to Level 8 for the first half of the month, up from Level 4 in March. This increase will more than double current rates and will be implemented under an extraordinary 15-day cycle, which the regulator said was meant to better respond to volatile fuel prices. READ: next-oil-crunch-impact-prices-cargo-air-travel “The shorter cycle of 15 days during this extraordinary period of high volatility in fuel prices shall allow faster response to market changes, reducing the lag […]... Keep on reading: Plane fares to surge in April as fuel surcharge more than doubles