Dear Valued Customer,
Global fuel markets have become increasingly volatile in recent weeks, driven largely by escalating tensions and conflict in the Middle East. This disruption to global oil supply has resulted in sharp increases in diesel prices across Australia.
As per the average Terminal Gate Price (TPG) for diesel rose by between 29.2% and 30.7% across Australian cities in just one week (from Wednesday 4th March to Tuesday 10th March).
* VIC 44.91%
* NSW 51.92%
* BRIS 44.44%
* TSVL 44.44%
* WA 43.44%
* SA 52.20%
Fuel represents a substantial component of container transport operating costs. As a result, and to ensure we can continue providing safe, reliable, and sustainable transport services we are required to adjust our fuel levy.
Given the rapidly changing fuel market, LMF will now review the Fuel Levy on a weekly basis rather than monthly. Adjustments will be made as required to reflect current market conditions. We anticipate that ongoing weekly reviews will continue until fuel markets stabilise.
We understand that changes of this nature can be challenging, and we appreciate your ongoing understanding and support during this period of continued uncertainty.
Should you require any clarification or assistance regarding these changes, please do not hesitate to contact us.
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