As a result of a sustained escalation in the price of jet fuel in the past two months, Singapore Airlines is increasing its fuel surcharge for tickets issued on or after 1 April 2007.The new levels reinstate those applied prior to the reduction applied in January:
- US$18 (up from US$16) per sector, for flights between Singapore and Kuala Lumpur, Bandar Seri Begawan, Bangkok, Denpasar, Hanoi, Ho Chi Minh City, Jakarta, Manila and Penang;
- US$82 (up from US$78) per sector, for flights between Singapore and gateways in the United States and Canada on a single-sector basis; and
- US$54 (up from US$52) per sector, on all other flights.
The new surcharge is subject to official approval in some markets, and some local variations may apply where regulatory approvals dictate.
The price of jet fuel is now around US$76 per barrel, compared to US$67 per barrel when the surcharge was last revised in January. The steep rises come after a moderate downward movement in late 2006 and January 2007, during which Singapore Airlines correspondingly reduced the surcharges twice.