International fuel adjustment
International Variable Fuel Factor
Date | VFF % |
1 July 2017 | 18.60% |
30 January 2017 | 13.92% |
31 October 2016 | 11.91% |
- Click here to view previous month's data
-
25 August 2016 11.37% 2 May 2016 11.00% 25 January 2016 12.00% 28 December 2015 12.27% 31 August 2015 13.03% 03 August 2015 13.80% 29 June 2015 14.89% 01 June 2015 14.27% 27 April 2015 13.57% 30 March 2015 13.62% 29 December 2014 13.89% 1 December 2014 14.97% 27 October 2014 15.96% 1 September 2014 16.64% 28 July 2014 16.95% 30 June 2014 16.38% 26 May 2014 16.55% 28 April 2014 16.75% 31 March 2014 17.28% 24 February 2014 17.41% 27 January 2014 17.78% 30 December 2013 16.79% 25 November 2013 16.07% 30 September 2013 17.20% 26 August 2013 16.61% 1 July 2013 14.12% 27 May 2013 13.19% 29 April 2013 14.16% 25 March 2013 15.62% 25 February 2013 14.82% 28 January 2013 14.15% 24 December 2012 14.39% 26 November 2012 14.89% 29 October 2012 15.38% 24 September 2012 14.94% 27 August 2012 13.49% 30 July 2012 12.85% 25 June 2012 15.08% 28 May 2012 16.26% 30 April 2012 16.48% 26 March 2012 15.65% 26 February 2012 15.18% 30 January 2012 15.25% 26 December 2011 15.88% 28 November 2011 15.18% 31 October 2011 14.86% 26 September 2011 14.90% 29 August 2011 15.01% 1 August 2011 14.77% 27 June 2011 14.83% 2 May 2011 15.72% 1 April 2011 14.99%
VFF is based on the rate that our international service provider Toll Priority charges us and is directly on forwarded.
The international VFF is updated approximately at the end of each month and only when Toll Priority nofifies us of these changes.
International Variable Fuel Factor FAQ
- What is a Variable Fuel Factor (VFF)?
- How much will the International VFF cost me?
- How will this impact my business?
- Will I be notified of each increase?
- How does Emissions Trading Scheme impact VFF?
What is a Variable Fuel Factor (VFF)?
The Variable Fuel Factor (VFF) is a charge that is applied to both Domestic and International Courier Services to off-set the current fuel volatility. The total price you pay for a courier product/service will comprise of two components – the base price and the variable fuel factor. Multiplying the base price by the variable fuel factor will give the total price.
This section of the website provides information about our VFF and the current VFF rate for International services. For more information about our VFF and the current VFF rate for Domestic services please visit our Domestic Fuel Adjustment page.
Back to topHow much will the International VFF cost me?
The VFF percentage is applied by our International supply partner and is based on the aviation fuel prices. We pass this on directly to our customers with no additional charges.
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?
The rates for our Variable Fuel Factor will be adjusted according to the fluctuations of aviation fuel and updated as the percentage changes from our international supply partner.
Nationally and globally, the courier and transportation markets have seen massive increases in fuel prices. In the past, Post Haste Couriers 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.
Back to topWill I be notified of each increase?
Our website will be updated regularly detailing the increase/decrease for that month. You can find this page in our Useful Information section.
Back to topHow does Emissions Trading Scheme impact VFF?
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