FUEL SURCHARGE

With changes in fuel prices affecting the logistics industry, Team Global Express standardised and reset its fuel surcharge (FSC) mechanism and freight rates, as of March 2023, to simplify how we pass on fuel costs to our customers. The fuel surcharge may increase, decrease, or remain constant depending on the movement in fuel prices.

How to calculate your fuel surcharge

To provide greater transparency into how we calculate the fuel surcharge, we have provided the new formula which will be applied in calculating the surcharge:
FSC = (Current Fuel Price - Base Fuel Price) / Base Fuel Price x BU's Fuel Component Weighting.

Current Fuel Surcharge Table

Effective Date - 2 December 2024 Palletised Express Express Parcels Road Express Parcels Air
Fuel Surcharge 13.24% 8.46% 8.81%
Fuel Surcharge by Type 4.41% 4.40%
Fuel Type Diesel Diesel Diesel Jet Fuel
Fuel Price $1.297 $1.297 $1.297 $1.876
Base Month Nov 2020 Nov 2020 Nov 2020 Nov 2020
Base Price $0.747 $0.747 $0.747 $1.302
Component Weighting 18% 11.5% 6% 10%
Index Source AIP National Average AIP National Average AIP National Average VIVA Average Major Cities
Refresh Frequency Monthly Monthly Monthly Monthly

Historical Fuel Surcharge

Date Palletised Express Express Parcels Road Express Parcels Air
Effective 4 November 2024 11.67% 7.33% 7.97%
Effective 7 October 2024 11.55% 7.25% 8.37%
Effective 2 September 2024 13.87% 8.71% 9.42%
Effective 5 August 2024 15.20% 9.55% 9.82%
Effective 1 July 2024 14.30% 8.98% 9.48%
Effective 3 June 2024 15.01% 9.42% 10.32%
Effective 6 May 2024 16.56% 10.40% 10.82%
Effective 1 April 2024 16.38% 10.28% 10.87%
Effective 4 March 2024 17.09% 10.73% 10.60%
Effective 5 February 2024 14.75% 9.26% 9.92%
Effective 1 January 2024 14.90% 9.36% 10.47%