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Phividec Industrial Authority has authorized Mindanao Container Terminal to impose a 5.8% fuel surcharge adjustment on applicable port service charges from October 6 to 12
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The latest FSA was lower than the 6.3%, which was the highest so far, that was approved for the week of September 29-October 5
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Based on the latest available retail fuel price data issued by the Department of Energy for September 29 to October 5, the prevailing retail pump price of petroleum products in Mindanao was P95 per liter, lower than the P99 per liter in the previous week
Phividec Industrial Authority (PIA) has authorized Mindanao Container Terminal (MCT) to impose a 5.8% fuel surcharge adjustment (FSA) on applicable port service charges from October 6 to 12.
Based on the latest available retail fuel price data issued by the Department of Energy for September 29 to October 5, the prevailing retail pump price of petroleum products in Mindanao was P95 per liter, lower than the P99 per liter in the previous week.
Under the approved FSA computation framework, MCT has a fuel cost component equivalent to 6.20% of its authorized tariff. With this, MCT has been authorized to impose an FSA of 5.8% on applicable port service charges, subject to the terms and conditions prescribed under the implementing guidelines of PIA Resolution No. 3894, according to PIA FSA Advisory No. 006.
The latest FSA was lower than the 6.3% – the highest so far – that was approved in the week of September 29-October 5.
The weekly FSA, which took effect in September, is based on PIA Board Resolution No. 3894 and Department of Transportation 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. – a subsidiary of listed firm International Container Terminal, 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.
