Magnum Logistics charge a fuel adjustment factor (FAF) monthly which varies depending on the price of fuel each month. The following scale table represents the fuel adjustment by reference to the average regional pump price. The information is drawn from AA.com and can be found on the AA website. The report on the AA website (Essex and East Anglia, litre price) is published in arrears and the fuel escalator is applied on the third month. For example, January fuel percentage will be applied in March and so on.

Current Month Avg. Pump Price Diesel (£) FAF%
Sep19 1.3190
Avg. Pump Price Diesel (£) FAF %
Min Max
1.190 1%
1.191 1.23 2%
1.231 1.27 3%
1.271 1.31 4%
1.311 1.35 5%
1.351 1.39 6%
1.391 1.43 7%
Avg. Pump Price Diesel (£) FAF %
Min Max
1.431 1.47 8%
1.471 1.51 9%
1.511 1.55 10%
1.551 1.59 11%
1.591 1.63 12%
1.631 1.67 13%
1.67 1.71 14%

       

 

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                [content] => Decision to postpone 18 October scheduled import duty hike on $250bn worth of goods has failed to lift the uncertainty in a ‘mercurial trade environment’ where importers have to assume the worst to avoid rising costs
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Contact Us

Magnum Logistics Limited,
Wharf Lane,
Vange Wharf,
Basildon
SS16 4SP

01268 554335

ops@magnumlogstics.co.uk

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