More than 60% of international airlines have either increased or are planning to increase airfares from mid-March, as surging fuel costs continue to put pressure on the global aviation industry, according to the Civil Aviation Authority of Vietnam (CAAV).

The ceiling price of tickets on domestic flights will be increased from the beginning of March, according to Circular 34 issued recently by the Ministry of Transport (MoT).

About 80-90% of fixed-route transport firms have adjusted their fares up by 10-15% to offset mounting fuel costs, according to a Ministry of Transport (MoT) report submitted to the Prime Minister, assessing the impact of higher fuel prices.