SINGAPORE - Singapore Airlines will reduce fuel surcharge for tickets issued from Feb 26 onwards, the carrier said on Thursday.

The reduced fuel surcharge will apply to both Singapore Airlines and SilkAir flights. Travellers can expect a decrease between US$5 ($6.80) and US$83 ($112.60) per sector.

The airline attributed the reduction to a decline in fuel prices in recent months.

It added that jet fuel continues to account for a significant percentage of SIA Group's expenditure.