Taipei, July 3 (CNA) In response to a recent decline in aviation fuel prices, the cost of air travel on Taiwan's 23 domestic routes will be reduced by between 2.7 percent and 6.9 percent starting Aug. 1, the Civil Aeronautics Administration (CAA) announced Monday.
The Taipei-Kinmen route operated by Mandarin Airlines, for example, will see the largest drop of NT$182 (US$5.84), or 6.9 percent, in the price of a one-way ticket from the current NT$2,641 to NT$2,459, the CAA said in a statement.
The smallest decrease will be on the route between Taitung and Green Island off the Taitung County coast, which will see a 2.7 percent fall from the current one-way fare of NT$1,130 to NT$1,100 starting Aug. 1.
According to the CAA, the other 20 domestic routes will see one-way fares fall from NT$33 to NT$159.
If passengers have already bought tickets for flights departing on or after Aug. 1 at the pre-reduced cost, the airline is obliged to refund the difference, the aviation administration said.
The average price of aviation fuel from May to July fell below the benchmark price of NT$21.74 per liter, the threshold that determines whether domestic airfares rise or fall, the CAA said.
Aviation fuel prices fell below NT$23 a liter in May for the first time since March 2022, after peaking at NT$35.24 a liter in July 2022.
The price adjustment mechanism was first established in 2014 by the CAA in response to changes in fuel prices.
It stipulates that when the average price of domestic aviation fuel over three consecutive months drops below the threshold, the price of tickets must also be reduced accordingly.
