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Diesel Charges

Diesel Charges:


Seen in light of the above, and because of general further fluctuation in future, the SA Road Freight Association has developed a formula for factoring of diesel prices on total costing, i.e.

fUEL
New price less old price divide by old price multiplied by 50% x100 = % increase on negotiated base rate.


Example: 
 

R10,62 per litre - R10,11 per litre = 51c ÷ R10,11 x 50% x 100 = 2,27 % increase.

 

African Transport Solutions subscribes to the above costing of diesel price increases, as it offers the following advantages:

1.  It promotes fairness;

2.  It achieves consistency;

3. It is applied upwards/downwards depending on diesel price increase/decrease;

4. It can be applied monthly - on an "ad-hoc" basis (i.e. only when price charges), without re-negotiation being required.

 

The following is a record of diesel prices over the last three months:

Month

Price per litre

May 2014

R13.31

Jun 2014

R13.00

Jul  2014

R13.29

The above diesel prices were calculated on nation wide average diesel price including fluctuations and as per Government Regulations.