Jet Airways on Friday said it will raise fares by 10-15 per cent as early as this month to offset rising jet fuel prices -- a decision that possibly stems from confidence about returning passenger demand.

Fares are set to rise by 10-15 per cent in April-June over January-March period, Jet Airways [Get Quote] vice president (revenue management) Shiv Kumar said.

Jet fuel (ATF) prices have been on the rise on the back of crude nearly doubling from last year's level to trade at $86 a barrel level now.

Kumar, who said crude prices are a concern, added that volumes were seen rising, particularly on domestic routes -- which may be influencing the pricing decision.