Per this FlyerTalk thread:
British Airways will increase its fuel surcharge on longhaul services from Tuesday, February 8.
There will be no fuel surcharge increase to any British Airways’ shorthaul services.
World Traveller and World Traveller Plus tickets will increase by £12 per sector (£24 return).
First and Club World tickets will increase by £17 per sector (£34 return)
The move reflects the continuing substantial increase in the price of oil and a 14 per cent rise in the spot price of jet fuel since our last fuel surcharge increase in December 2010.
First of all, I find the concept of a fuel surcharge to be somewhat hilarious, but that’s nothing new and not an argument I’m going to win. They might as well charge a “labor surcharge” when the employees are about to strike, which seems to happen at least semi-frequently at British Airways.
Anyway, while people outside of the US are used to paying fuel surcharges on award tickets, those in the US really aren’t. Back in October the anti-trust agreement between American and British Airways ended. Many of us were looking forward to that, since up until then there was no way to earn or redeem American Airlines miles between the US and UK for flights on British Airways (and vice versa). And while that anti-trust agreement ended in October, American decided to impose fuel surcharges on all award redemptions on British Airways. So while we now have access to a ton more award availability for transatlantic flights, we’re paying about a $450 roundtrip “premium” for the privilege.
So back on topic, the above fuel surcharges are just another $55USD you can expect to pay for a premium cabin award ticket on British Airways.