SINGAPORE Airlines (SIA) and SilkAir have decided to increase the fuel surcharge for tickets issued on or after March 8, 2012 due to rising jet fuel prices.

The surcharge will see a raise of between US$2 and US$28 per sector, depending on distance and class of travel.

The surcharge now amounts to US$36, US$174 and US$287 for economy flights between Singapore and South-east Asia, Europe/South Africa, and the Americas, respectively.

The last time SIA and SilkAir raised the fuel surcharge was in March last year (TTG Asia e-Daily, March 10, 2011).

According to a statement from SIA Group, jet fuel now accounts for 40 per cent of the company's overall expenditure.