The sharply rising oil price has prompted the airline SAS to introduce a temporary fuel surcharge. The company confirms this to the industry media check-in.dk.
- Although we always strive to absorb cost fluctuations where possible, increases of this magnitude require us to react in order to maintain stable and reliable operations, the company says.
It is not clear how large the surcharge is. The price of oil and other forms of energy have increased after recent days of unrest in the Middle East.
On February 28, Israel, in cooperation with the United States, launched a comprehensive attack on Iran. The attacks have since been responded to.
As a continuation of the conflict, several oil-producing countries in the region have limited their production of oil. This is something that affects the price. The countries have made this choice after the important Strait of Hormuz has been partially closed.
The location of the strait between the Persian Gulf and the Gulf of Oman makes it an important trade hub. Around 20 percent of the world's oil passes through the Strait of Hormuz.
Following the development
On Monday, the price of a barrel of crude oil reached almost 120 dollars. On Tuesday, the price is down to just over 92 dollars per barrel. SAS emphasizes that the company will follow the price development closely and that it will adapt continuously.
Increases in oil prices can affect most parts of the world community, and thus also the Danish one. This quickly affects fuel prices - almost on an hourly basis - and in the long term it can also affect the economy.
If the price remains high, it can mean higher production costs for companies in the long term, which can then end up as higher consumer prices.
/ritzau/
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