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FUEL SURCHARGE COMMUNICATION – 05. 12. 2012
9.52% from 5th December 2012
REDUCTION OF THE FUEL SURCHARGE
The attached Fuel Levy Index, which is available from our web site shows the actual price that Circle has paid for derv fuel and the average price paid over the past 3 months, three reference periods.
Our flexible fuel surcharge levy scheme was introduced on the 1st August 2005 on the basis that it would be a fair and transparent system for our clients to monitor the price we pay for our fuel relative to our current tariff. As already mentioned, these figures are available for inspection on our web site.
To remind you of this scheme, our current published rates are calculated using our standard fuel benchmark by applying 0.48% increase for every 1 pence over 97 pence per litre (ppl)
As Circle Express purchases its fuel on a weekly-based price, adjustments would be made both downwards as well as upwards, depending on the price of oil.
The latest reference period which is relative to October opened at 115.91ppl. rose to 118.11ppl and closed at 116.22ppl giving us an average of 116.84ppl over the term which will attract a 9.52% Fuel Surcharge across all of our services from 05 December 2012