Fuel levy to be implemented

10 May 2022 / Geelong & Port Jackson/Botany, Australia

Due to the unprecedented rise and volatility in the cost of fuel in Australia in recent times, from 1 June 2022 Engage Towage will implement a fuel levy at the ports of Geelong and Port Jackson/Botany, based on the below:

  • Data will be sourced from the Australian Institute of Petroleum from one of their standard indexes.
  • The Singapore price for Diesel (Gasoil 10ppm sulphur) index will be measured in AUD (which is converted from USD on the daily exchange rate) per Barrel and converted to a price per litre.
  • This measurement will occur on a monthly basis looking at the average daily rate for that month.
  • The new fuel levy will be announced on the first working day of any given month, to be applicable for the following month (i.e. a month’s notice).

The table of measurements is as below:
- Price per Litre: $0.94 / Levy per Tug Job: $110.00
- Price per Litre: $1.01 / Levy per Tug Job: $130.00
- Price per Litre: $1.07 / Levy per Tug Job: $150.00
- Price per Litre: $1.13 / Levy per Tug Job: $170.00
- Price per Litre: $1.20 / Levy per Tug Job: $190.00
- Price per Litre: $1.26 / Levy per Tug Job: $210.00
- Price per Litre: $1.32 / Levy per Tug Job: $230.00
- Price per Litre: $1.38 / Levy per Tug Job: $250.00
- Price per Litre: $1.45 / Levy per Tug Job: $270.00
- Price per Litre: $1.51 / Levy per Tug Job: $290.00
- Price per Litre: $1.57 / Levy per Tug Job: $310.00

The levy will be applied per tug, per movement, on each invoice as its own line item. Should the average price per litre for the month fall below the $0.94 datum, then no fuel surcharge will apply for the relevant period.

With the average of daily prices as described above for the month of April being $1.27, the surcharge effective 1 June will be $210 per tug job.

For information about operations in Australia, contact GAC Australia at [email protected]

If quoting any content from Hot Port News, please cite GAC Hot Port News as the source.

More Hot Port News

20 Apr 2024

Worldwide

World Holidays: 21 April-5 May 2024
Public holidays around the world in the coming two weeks.
Read More

19 Apr 2024

Melbourne & Geelong, Australia

New requirements for vessels with engine or shaft power limiters
New requirements from 29 April for vessels equipped with a mechanical or software-based engine or shaft power limiter.
Read More

19 Apr 2024

Panama Canal, Panama

Tug assistance for Neopanamax vessels navigating under Bridge of Americas
Effective immediately, the Panama Canal requires an escort tug for all Neopanamax vessels while navigating under the Bridge of the Americas.
Read More