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%
March 20 1.327
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%

       

 

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                [content] => Facing falling demand, Hungarian group introduces ‘special’ measures include taking a ‘significant portion’ of its truck fleet out of service with immediate effect, ‘to preserve the short-term financial stability of the company’
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                [content] => Major logistics providers are boosting their air cargo charter services as growing demand for air freight capacity clashes with massive cuts in bellyhold cargo capacity, with transatlantic capacity and capacity ex-China in particularly high demand
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Contact Us

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

01268 554335

ops@magnumlogstics.co.uk

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