June 2, 2008 / 3:38 PM / 11 years ago

Domestic airlines raise fuel surcharge as oil prices soar

A passenger aircraft prepares to land at the New Delhi airport May 7, 2007. Top Indian private carriers Jet Airways and Kingfisher and budget airline Deccan Aviation have raised their fuel surcharge with effect from midnight of June 2, company officials said. REUTERS/Desmond Boylan/Files

MUMBAI (Reuters) - Top Indian private carriers Jet Airways and Kingfisher and budget airline Deccan Aviation have raised their fuel surcharge with effect from midnight of June 2, company officials said.

All three airlines increased their fuel surcharge by 300 rupees for sectors under 750 kilometers and by 550 rupees for sectors over 750 kilometers, the officials said.

Discount carrier Spicejet is likely to announce a price increase on Tuesday, a company official told Reuters.

National Aviation Company of India Ltd, which operates state-run carrier Air India, has also hiked the surcharge by the same amount, effective Tuesday, spokesman Jitendra Bhargava said.

Jet fuel accounts for 40 percent of the operating cost of Indian carriers.

State-run Indian Oil Corp has raised jet-fuel prices by 18.6 percent, effective from June 1. Domestic prices, offered by the firm, have gone up about 89 percent from June 2007.

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