CURRENT FAF RATE
the fluctuation of fuel prices impacts our monthly operating costs.
Due to these fluctuations, Tomoana Warehousing Ltd calculates a monthly FAF (Fuel Adjustment Factor). Our FAF percentage will be updated and published on this page each month, and is effective on the 1st of the month.
August 2022 35.86%
How do we calculate our monthly FAF rate?
Every month we monitor the national average diesel price which can be found here. On this page is a download of a weekly table which includes a column for ‘Diesel_discounted_retail price_NZ.c.p.l’.
To calculate our FAF rate for the coming month, we simply take the last 4 weeks average of the above column (as at the last Tuesday of each month). This average is then benchmarked against a value of $1.00.00 and for every $0.01 over this threshold a FAF rate of 0.2% is calculated.
This FAF rate remains in place for the coming month until the last Tuesday when the rate for the following month is calculated again.
If you would like a more detailed breakdown of how this works please don’t hesitate to contact us.
LATEST FAF RATE SIGN UP
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