Dhaka, March 29 -- Cathay Pacific will raise fuel surcharges on all flights by 34% due to rising oil costs stemming from the Middle East war.

"The price of jet fuel comprises both the crude oil component and the refinery component, both of which have increased significantly in recent weeks," said the airline in a statement on Thursday, March 26.

Short-haul flights will see a surcharge increase of 34.1%, while medium- and long-haul flights will face an increase of exactly 34%. The revised fees will apply to tickets from April 1.

According to data from the International Air Transport Association (IATA), average jet fuel prices rose globally to USD 197 per barrel last week, up from USD 95.50 a month earlier.

Cathay warned that if the ste...