British Airways says it will raise its fuel surcharge on all flights.

Prices for long-haul flights — those to destinations outside of Europe — booked after Friday will increase by about $40 to $60 per return trip, the company said in a statement Tuesday.

With the increase, the total for the surcharges on BA flights lasting more than nine hours will be $314 for the return trip.

The price of short-haul flights will increase by about $12 per return trip. That puts BA's surcharge for short-haul flights at about $52 per return.

BA says the increases reflect the high price of oil, which has flirted with $120 a barrel in recent days.