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 www.theAA.com and can be found on the AA website. The report on the AA website (South East, 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%
Week 19 1.7839
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%
Avg. Pump Price Diesel (£) FAF %
Min Max
1.711 1.75 15%
1.751 1.79 16%
1.791 1.83 17%
1.831 1.87 18%
1.851 1.91 19%
1.911 1.95 20%
1.951 1.99 21%

       

 

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    Farewell, as Lloyd’s Loading List ceases publishing
    2021 / 12 / 24
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                [content] => BIFA’s Robert Keen bids a sad farewell to Lloyd’s Loading List at a time of many challenges for the freight sector it has written about for so many years. But he says customers ‘should go into the new year with some reassurance that their logistics partners are adept at dealing with both uncertainty and insecurity’ 
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    When uncertainty is the only certainty
    2021 / 12 / 24

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

01268 554335

ops@magnumlogistics.co.uk

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