Fuel Adjustment
Fuel Adjustment Factor
| Month | FAF % |
| March 2010 | 0.0% |
| February 2010 | 0.0% |
| January 2010 | 0.0% |
- Click here to view previous month's data
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December 2009 0.0% November 2009 0.0% October 2009 0.0% September 2009 0.0% August 2009 0.0% July 2009 0.0% June 2009 0.0% May 2009 0.0% April 2009 0.0% March 2009 0.0% February 2009 0.3% January 2009 1.2% December 2008 3.6% November 2008 4.2% October 2008 6.0% September 2008 6.6% August 2008 5.4% July 2008 3.6% June 2008 2.1%
This page is designed to help you with any questions you may have regarding Fuel Adjustment.
Fuel Adjustment Factor Table
| Diesel Price | FAF % increase |
| up to $1.20 | 0.00% |
| $1.23 | 0.30% |
| $1.26 | 0.60% |
| $1.29 | 0.90% |
| $1.32 | 1.20% |
| $1.35 | 1.50% |
| $1.38 | 1.80% |
| $1.41 | 2.10% |
| $1.44 | 2.40% |
| $1.47 | 2.70% |
| $1.50 | 3.00% |
| $1.53 | 3.30% |
| $1.56 | 3.60% |
| $1.59 | 3.90% |
| $1.62 | 4.20% |
| $1.65 | 4.50% |
| $1.68 | 4.80% |
| $1.71 | 5.10% |
| $1.74 | 5.40% |
| $1.77 | 5.70% |
| $1.80 | 6.00% |
| $1.83 | 6.30% |
| $1.86 | 6.60% |
| $1.89 | 6.90% |
| $1.92 | 7.20% |
| $1.95 | 7.50% |
| $1.98 | 7.80% |
| $2.01 | 8.10% |
Fuel Adjustment Factor FAQ
- What is a Fuel Adjustment Factor (FAF)?
- How much will the increase be?
- How often will the FAF be reviewed?
- Will I be notified of each increase?
- How do I manage this increase within my business?
- What has happened with the price of diesel?
What is a Fuel Adjustment Factor (FAF)?
Fuel costs are understandably one of the most significant and variable cost components of our business. The fuel adjustment factor was introduced for the purpose of recovering the increased costs to fuel, primarily diesel, to pass on to our contractors, linehaul operators and where relevant, to cover increased airfreight and ferry fuel costs.
Back to topHow much will the increase be?
As from 2nd June 2008 our rates will increase by 2.1%. For every 3c movement in the average pump price our rates will move by +/- 0.3%.
Back to topHow often will the FAF be reviewed?
We will review the price of fuel and the impact on our business each month. As the pump price of fuel fluctuates, our FAF will rise and fall in line with fuel prices.
Back to topWill I be notified of each increase?
Our website will be updated each month detailing the increase/decrease for that month. You can find this page in our Useful Information section.
Back to topHow do I manage this increase within my business?
We have implemented a two month lag to try and provide some relief to these latest increases and will base our rate for the month of June on the fuel price at April 1st ($1.39c per litre). The rate for each subsequent month will be based on the price two months prior.
Back to topWhat has happened with the price of diesel?
Diesel costs have risen over the past year by 35% over the price at the same time as last year.
Back to topNotification of Fuel Uprate, June 2008
As of the 2nd June 2008 our rate for courier services will increase by 2.1%. The key factor influencing this increase is the escalating price of crude oil and the ever burgeoning fuel prices at pumps.
As with most businesses we have maintained our vigilance on cost control, however it has become clear over the past few months that we are unable to keep pace with the escalating price of fuel at pumps, which is now around 35% higher than at the same time last year. We are now forced to pass on these increases to cover the costs of linehaul and to fairly remunerate our couriers.
There is a very good chance that the price of fuel will continue to fluctuate and as such our Fuel Adjustment Factor (FAF) will rise and fall in line with fuel prices. We have implemented a two month lag to try and provide some relief to the latest round of increases from the fuel companies and will base our rates for the month of June on the fuel price at April 1st ($1.39c per litre). The rate for each subsequent month will be based on the price two months prior.
Each 3c movement in the average pump price, as measured at the start of the month, will equate to a +/- 0.3% movement in our rates. This will be updated each month on our website www.posthaste.co.nz in our Useful Information section.
I would like to assure you that we value your business and continued support and should you have any questions regarding the content of this letter please contact your Account Manager, local Branch Manager, or myself.
Regards
Neil Wilson
General Manager
Post Haste Limited