• Fuel Levy

    Explanation of Fuel Surcharge Calculation

    Verbose description of fuel Levy calculation

    Base Net fuel price is $0.75 from When FAA started to apply a fuel levy

    Get current price: www.aip.com.au/pricing

    • Less gst
    • Less rebate
    • That gets a net price of the current fuel
    • Get the difference in net price
    • Divide the difference by the Base net price to get percentage change from base.
    • Divide the percentage change by fuel factor (32%) to get the fuel levy.
    • BF= 0.75 (Base fuel when FAA started applying fuel levy. This is a net value, ex rebate and GST)
    • CF = current fuel (National average diesel price as published by AIP for each week ending of the previous month divided by number of weeks)
    • CR = diesel fuel current rebate

    Mathematical Description of Fuel Levy Calculation

    Fuel levy =((((CF/1.1)-CR)-BF)/BF)*0.32

    Example for June 2012

    Fuel levy =((((1.385/1.1)-0.15043)-0.70)/0.70)*0.32

    July 2018

    Fuel Surcharge:

    Effective dates: 01/07/18 to 31/07/18

    August 2018

    Fuel Surcharge:

    Effective dates: 01/08/18 to 31/08/18

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