Fuel Adjustment
Fuel Adjustment Factor
| Month | FAF % |
| March 2012 | 6.2% |
| February 2012 | 6.3% |
| January 2012 | 5.6% |
- Click here to view previous month's data
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December 2011 5.1% November 2011 5.0% October 2011 4.8% September 2011 5.2% August 2011 5.4% July 2011 3.7% June 2011 4.4% May 2011 3.5% April 2011 1.7% March 2011 1.2% February 2011 0.8% January 2011 0.1% December 2010 0.0% November 2010 0.0% October 2010 0.0% September 2010 0.0% August 2010 0.0% July 2010 0.6% June 2010 0.0% May 2010 0.0% April 2010 0.0% March 2010 0.0% February 2010 0.0% January 2010 0.0% 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 $0.95 | 0.00% |
| $0.96 | 0.1% |
| $0.97 | 0.2% |
| $0.98 | 0.3% |
| $0.99 | 0.4% |
| $1.00 | 0.5% |
| $1.01 | 0.6% |
| $1.02 | 0.7% |
| $1.03 | 0.8% |
| $1.04 | 0.9% |
| $1.05 | 1.0% |
| $1.06 | 1.1% |
| $1.07 | 1.2% |
| $1.08 | 1.3% |
| $1.09 | 1.4% |
| $1.10 | 1.5% |
| $1.11 | 1.6% |
| $1.12 | 1.7% |
| $1.13 | 1.8% |
| $1.14 | 1.9% |
| $1.15 | 2.0% |
| $1.16 | 2.1% |
| $1.17 | 2.2% |
| $1.18 | 2.3% |
| $1.19 | 2.4% |
| $1.20 | 2.5% |
| $1.21 | 2.6% |
| $1.22 | 2.7% |
| $1.23 | 2.8% |
| $1.24 | 2.9% |
| $1.25 | 3.0% |
Fuel Adjustment Factor FAQ
- 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 (FAF) was introduced for the purpose of recovering the increased costs in fuel, primarily diesel, to fairly compensate our contractors, line haul operators and where relevant, to cover increased airfreight and ferry fuel costs.
- How much will the FAF cost me?
The FAF will be calculated on the first day of each month and will be based on the average diesel price from two months earlier. By using this mechanism, we can:
- Provide transparency for customers to see how it is calculated
- Take into account any shifts in the price of fuel that impact significantly on the price of moving courier items
- How will this impact my business?
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We will be using a base rate of $0.95(diesel pump price including GST) for domestic courier services.
Every 1c movement above $0.95, in the average pump price*, will result in a 0.1% increase in our pricing. This is updated monthly and will be automatically adjusted on your invoice.
The rates for our Fuel Adjustment Factor will be recalculated on a monthly basis.
Nationally and globally, the courier and transportation markets have seen massive increases in fuel prices. In the past, Castle Parcels has tried hard to absorb these costs, minimising the impact on our customers. Unfortunately prices have come to a level where we must follow other transport operators in implementing a "fuel surcharge" system.
*Average diesel price as published by the Ministry of Economic Development – we will calculate the FAF for any given month using the average diesel prices from two months earlier
- Will 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 FAQs section.
- How does Emissions Trading Scheme impact FAF?
The New Zealand Emissions Trading Scheme (ETS) is part of the Government’s primary response to global climate change. Effective 1st July 2010 an additional tax will be applied to fuel, and passed on through the pump price. For more information on the ETS visit www.climatechange.govt.nz/emissions-trading-scheme.
- What is the current "base rate" at which I will be charged FAF?
The FAF base rate as of 1st of August 2011 is $0.95
