Officials of Jet Airways and Air Sahara said they were likely to take a decision on the issue in the next three to four weeks, while Indian Airlines remained tight-lipped on the matter.
Aviation turbine fuel costs account for almost 30 to 40 per cent of the total cost of operations.
While the last hike in ATF prices was effected on August 1, the previous major increase was on April 1 when the prices rose by 18.5 per cent, forcing all the three airlines to hike fares across the board by around 12 per cent.
Aviation fuel price hiked by Rs 1,600/kl
The domestic ATF price has risen from Rs 27,250 a kilolitre to Rs 32,250 from April 1 and touched Rs 32,322 in the beginning of this month.
Several major international carriers from Southeast Asia and Europe have imposed fuel surcharges on their tickets for the past few months.
The hike in ATF prices by state oil firms is to the tune of five per cent in line with the spike in international oil prices, which have touched a record $71 dollars a barrel.
For international airlines, which do not pay local sales tax, the hike would be in the range of $35 to 40 US dollars per kilolitre.
This would also affect Air India and the international operations of Indian Airlines and the two private carriers, who are now flying abroad also.