On Wednesday Singapore Airlines (SIA) said that the carrier and its regional arm SilkAir would raise their fuel surcharge on their flights with effect from 24th of June in response to a continuous upward trend in the price of jet fuel.

This was for the third time within the period of three months that the company had announced increases in its fuel surcharge. No wonder that this clearly shows the impact of fuel cost rise on the airlines-it is also expected that the fuel cost prices are going to increase further and the aviation industry will soon be facing more problems of similar sort on this issue.

For its services on the routes between Singapore and Southeast Asian nations, the carrier would increase the fuel surcharge to USD$40 from the existing surcharge of USD$35 per sector, the company said in a statement.

And, for services on the routes between Singapore and gateways in the United States and Canada, the carrier will raise the fuel surcharge to USD$180, up from USD$150 per sector, and USD$15 more than the presently charged surcharge of USD$95 on all other services.

According to the company, the hike in fuel surcharge was due to a continuous rise in the prices of jet fuel over the course of last few months.

The jet fuel prices have seen a sharp rise in recent months, and are currently staying at a record high level of above USD$160 a barrel.