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The fuel surcharge adjustment that Mindanao Container Terminal is authorized to impose on applicable port service charges was slightly increased to 5.4% for the period October 27 to November 2
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This follows the increase in the prevailing retail pump price of petroleum products in Mindanao at P92.60 per liter from October 20-26
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The latest FSA is higher than the 5.1% approved for October 20-26
The fuel surcharge adjustment (FSA) that Mindanao Container Terminal (MCT) is authorized to impose on applicable port service charges was slightly increased to 5.4% for the period October 27 to November 2, according to the Phividec Industrial Authority (PIA).
Based on the latest available retail fuel price data issued by the Department of Energy for October 20-26, the prevailing retail pump price of petroleum products in Mindanao was P92.60 per liter, higher than the P90 per liter in the previous week.
Under PIA’s approved FSA computation framework, MCT has a fuel cost component equivalent to 6.1% of its authorized tariff. With this, MCT has been authorized to impose an FSA of 5.4% on applicable port service charges for October 27-November 2, subject to the terms and conditions prescribed under the implementing guidelines of PIA Resolution No. 3894, according to PIA FSA Advisory No. 009 dated October 26.
The latest FSA is higher than the 5.1% approved for October 20-26.
The weekly FSA, which took effect in September, is based on PIA Board Resolution No. 3894 and Department of Transportation (DOTr) Department Order No. 2026-009, which allows port and terminal operators to implement an FSA mechanism to recover higher operating costs arising from rising fuel prices.
The measure follows Executive Order No. 110, which declared a state of national energy emergency amid risks to global oil supplies from the Middle East conflict and directed government agencies to implement measures to mitigate its impact.
MCT is located at the PHIVIDEC Industrial Estate, which is overseen by PIA. Mindanao International Container Terminal Services, Inc. has a concession agreement with PIA to operate and manage MCT.
Aside from PIA, the Philippine Ports Authority is also implementing the FSA mechanism under DO No. 2026-009 for cargo handling operators, terminal operators, and other service providers operating within ports under PPA’s jurisdiction. A similar fuel-based adjustment mechanism is also being implemented for harbor pilotage service providers operating within all PPA-administered ports and pilotage districts.
