-
PHIVIDEC Industrial Authority authorized the Mindanao Container Terminal to impose a 6.3% fuel surcharge adjustment on applicable port service charges for the period September 29 to October 5
-
The latest FSA is higher than the 5.6% rate authorized for Sept. 22-28
-
The FSA mechanism is based on government orders allowing port and terminal operators to recover additional costs from higher fuel prices
PHIVIDEC Industrial Authority (PHIVIDEC-IA) has authorized the Mindanao Container Terminal (MCT) to impose a 6.3% fuel surcharge adjustment (FSA) on applicable port service charges, up from 5.6% in the previous week.
PHIVIDEC-IA issued FSA Advisory No. 005 on September 28, authorizing the higher surcharge effective 12:00 midnight on September 29 through 11:59 p.m. on October 5, 2026, unless amended or superseded by a subsequent weekly advisory.
The advisory was signed by PHIVIDEC-IA administrator and CEO Atty. Joseph Donato Bernedo and addressed to port operators, port users, and other concerned parties.
The latest adjustment follows the increase in the prevailing diesel price used as the basis for the weekly FSA calculation.
The Department of Energy’s retail price monitoring for Mindanao for September 22-28 showed a common diesel price of P99 per liter.
PHIVIDEC-IA said MCT’s fuel cost component is equivalent to 6.20% of its authorized tariff, with the 6.3% FSA determined under the approved computation framework.
The previous FSA of 5.6%, which covered September 22-28, was the highest rate since the mechanism was introduced this month. It was up from 5.1% for September 15-21 and 4.4% for September 8-14.
The weekly surcharge is being implemented under the Department of Transportation Department Order No. 2026-009, which provides the implementing guidelines on the fuel surcharge adjustment for port services, and PHIVIDEC-IA Board Resolution No. 3894, series of 2026.
The mechanism allows port and terminal operators to recover incremental operating costs arising from higher fuel prices.
MCT is located at the PHIVIDEC Industrial Estate in Misamis Oriental and is operated and managed by Mindanao International Container Terminal Services Inc. under a concession agreement with PHIVIDEC-IA.
The latest advisory covers the week ending October 5, after which a new weekly rate may be issued based on prevailing fuel prices and the applicable FSA framework.—Michael Barcas
