Suez Canal tolls are set to rise for the third straight year - by as much as 2.6% - for all vessels, including crude oil and refined product tankers, the canal authority said in a circular this week, reported Platts.

Mohamed Mahmoud Beshir, director of transit with the authority, said in a statement that the higher fees would go into effect on 1st May.

Tolls will rise from 2% to 2.6%, depending on the size on the tanker. For example, fees, or transit dues, for a Suezmax carrying a crude oil cargo of up to 130,000 tonnes will rise 2.3%.

For an Aframax, which with a cargo range of 70,000-80,000 tonnes, toll fees will be rise by almost 2%.

Toll fees for a clean tanker carrying a cargo of up to 120,000 tonnes will rise by up to 2.6%, according to the data from the circular, Platts calculated.

Last year, the toll fees for oil tankers rose between 2.5% and 5%.

The Suez Canal remains one of Egypt's largest sources of revenue.