The new visa fee costs 90 euros (US$97) for adults and 45 euros for children aged 6-12, according to a statement by the EU.
Despite the hike, the commission said the Schengen visa fees are "relatively low" compared to other countries, noting that visa costs start at $170 in the U.K., around $235 in the U.S., and $149 in Australia.
A Schengen visa allows holders to travel to the 27 member countries for a maximum of 90 days.
According to recent data published by the EU, more than 10.3 million applications for short-stay Schengen visas were received last year, a 37% increase compared to the previous year.