The changes in fuel prices have resulted in increased costs for the air express industry globally, necessitating the implementation of fuel surcharge to be levied on shipments.
DHL Express in Asia Pacific now adopt an index linked surcharge with effect from 1st June 2004. The surcharge will rise, fall or be removed in line with movements in fuel prices (see table below). Details of the surcharge will be updated each month on this site.
The fuel surcharge will be applied to the net invoice amount of each DHL Express shipment. The surcharge will be linked to the monthly average of the daily mid-spot price for a gallon of kerosene type jet fuel (Rotterdam ARA). Monthly fuel prices are published by the US Department of Energy
The variable fuel component will vary in 0.5% steps and will be updated on a monthly basis according to the following scale:
DHL Express Fuel Surcharge Table
Note: The Index table is revised effective Jan 2008
Note: There will be a lag in the application of the index. For example, the monthly average price for fuel in April 2004 will be used to determine the applicable surcharge in June 2004. This is due to the release dates of the data.
DHL reserves the right to change the fuel surcharge index and table with or without notice. Both the amount and duration of the surcharge will be determined at DHL's sole discretion.
DHL Global Forwarding Variable Fuel Component
As a result of an ongoing Class Action Suit in the U.S.A., airlines who had previously published a Jet Fuel Index have now removed these from their websites. As a consequence, DHL Global Forwarding has also ceased to publish a Jet Fuel Index.
If you require guidance on jet fuel price development, an independent indicator can be found on the IATA website.
