Surging crude oil prices have been pushing many domestic industries to the edge as the cost per barrel has exceeded $90, chipping away at their bottom lines, according to industry analysts and company officials Monday. Analysts added that oil prices will continue to climb in the coming months, forcing Korean Air, Lotte Chemical and many other companies to take emergency steps to absorb soaring raw materials costs. Industries that are directly affected include airline, maritime shipping and petrochemical companies among others. According to the IATA, the price of jet fuel as of the end of last month was $105.7 per barrel. It surged 27.3% from a month ago and from $83 (89%) from the year before. Jet fuel accounts for 20 to 30% of domestic airlines' fixed costs. As oil prices rise, so do jet fuel prices. In the case of Korean Air, a loss of $30m dollars occurs when the jet fuel price rises by one dollar per barrel. As the price of Dubai oil, which is the standard for crude oil imported into Korea, broke the $90 mark for the first time in seven years, the high price of jet fuel is expected to continue. "In the case of Korean Air, they make deals with an option to purchase an additional 30% at the initial set price of the purchase. So they are capable of managing the high oil price but if the situation is prolonged it will become a burden on consumers who will have to pay increased fuel surcharges," an industry official familiar with the matter said. The officials believe the resumption of international passenger demand is urgent, but resuming routes prematurely could cause even greater losses. <br/>