Ports of Auckland has in place a formula for calculating the Fuel Adjustment Factor (FAF) to compensate our business as and when the price of fuel fluctuates. This process has been in place since August 2006 and we have continued to keep customers informed of the trend to the changing purchase price of fuel.

The calculation used to determine the Fuel Adjustment Factor is based on current pricing, working in bands of +/- 20%. If the six week average triggers a move up or down, the following formula applies with two weeks' notice of change.

The 6 weekly average for FAF as at 04/06/21 has moved into the -20% to +20% tier. Based on this information, FAF will be charged as per the schedule below, effective 18 June 2021.

The application of the FAF model will remain in place and in the event fuel prices increase and the 6 week average triggers re-introduction of the surcharge we will advise customers accordingly with two weeks' notice of change.