What is the formula for fuel surcharge?

The calculation looks like this: Original fuel price – Updated fuel price = Difference in fuel cost. Difference in fuel cost / Miles per gallon = Cost per mile. Cost per mile x Distance travelled = Surcharge.

What is TNT fuel surcharge?

Week	Weekly Price Dollar per Gallon	Fuel surcharge All services
Jun 5, 2022 – Jun 11, 2022	3.714	38.50%
May 29, 2022 – Jun 4, 2022	3.602	37.50%
May 22, 2022 – May 28, 2022	4.042	41.50%
May 15, 2022 – May 21, 2022	4.266	43.00%

How do I add fuel surcharge to rate?

Fuel Surcharge Formula Calculation Divide $0.50 by the vehicle’s four miles per gallon to get your fuel surcharge rate of $0.125 per mile. If you drove 100 miles, your customer pays an additional fuel surcharge of $0.125 multiplied by 100, or $12.50.

How is fuel surcharge calculated for heavy equipment?

A good general formula for fuel surcharge calculation is to charge a 0.5% surcharge for each five cents fuel climbs above your base rate. Take the current fuel price and subtract your base rate from it. Divide the difference by $0.05 and multiply that amount by 0.005%.

What is fuel surcharge in India?

Now this transaction charge that you pay in addition to the actual charge at any petrol pump is called a fuel surcharge. The fuel surcharge is usually 2.5% and is actually little more as service tax is levied on this surcharge.

What is the current fuel levy in Australia?

Fuel Levy is calculated as 9.37% with a current price of $1852.91.

What is fuel surcharge example?

The base fuel rate is a price that determines when the fuel surcharge will be activated. For example, if the base fuel rate is $1.50 per gallon, and the fuel cost rises above that base fuel rate, the fuel surcharge is then activated and applied to the cost of shipment.

How is fuel surcharge waiver calculated?

In most of the cases, 1% to 3% of the transaction amount is considered as the surcharge. The amount of the transaction should range between Rs 400 to Rs. 4000 to avail the Petrol Surcharge Waiver. Every bank has a predetermined amount specified that you could get a surcharge waiver for.

How do you calculate fuel surcharge per km?

(AFP-BFP)/BFM = Fuel Surcharge In simple terms, a fuel surcharge is determined by taking the average price, subtracting the base price and dividing the result by the base fuel mileage.

How do you calculate a fuel levy?

Subtract the base fuel price from the current fuel price, for example: (133.6 – 121.9), where 121.9 is the base fuel price and 133.6 is the current price. 3. Multiply this percentage by the fuel weighting as advised by the supplier – 9.5% * 17% = . 016 or 1.6%.

What is the surcharge method?

This surcharge method is similar to the of Total Costs method, in which the surcharge basis is not the total standard cost for the selected cost components, but only the added costs for the cost components.

How do you calculate a surcharge?

Deduct the sales tax fee for the product (if it is a taxable item) based on the tax rate for the state where you purchased the item. If the sales tax rate is 7 percent, the sales tax fee in this example is $0.21 ($3 times . 07). The total amount of the credit card surcharge is $2.00 less $0.21 or $1.79.

How do you calculate a 2% fee?

The following formula is a common strategy to calculate a percentage:

1. Determine the total amount of what you want to find a percentage.
2. Divide the number to determine the percentage.
3. Multiply the value by 100.

How will the TNT fuel surcharge be adjusted?

From 6 January 2020, the TNT fuel surcharge will be adjusted on a weekly basis according to the following table: There will be a two-week lag in the application of the fuel surcharge index. For example, the surcharge for January 21, 2019, was based on the average spot price reported for January 11.

How are fuel surcharges calculated?

To begin with, all fuel surcharges are typically calculated as a percentage of the base fuel rate and are dependent on three variables: The base fuel rate is a price that determines when the fuel surcharge will be activated.

What is the fuel-surcharge for UK national shipments?

The index based fuel-surcharge for UK National shipments is based on the monthly average forecourt price of Diesel, as published by the AA and is inclusive of duties and taxes applicable in the UK. To download the latest monthly data from their website please click here.

Is there a lag in the application of the fuel surcharge?

There will be a two-week lag in the application of the fuel surcharge index. For example, the surcharge for January 21, 2019, was based on the average spot price reported for January 11. Changes to the fuel surcharge are effective each Monday.