Services

PBT Variable Fuel Charge

Procedure description

PBT operate a transparent variable fuel charge (VFC) as set out in the table below. The VFC PBT charge is applicable to the following month and is updated at the start of each month to reflect the reference diesel price. The reference diesel price is taken from the average diesel price for the past month as set out in the MBIE data available.

View the MBIE dataset here.

When the average diesel rate exceeds $1.35 per litre we apply a surcharge based on the following table. There is no variable fuel charge when the average diesel rate is below $1.35 however, we always add the current road user surcharge of 3.89 per cent to the invoice as road user charges do not change with diesel rates.

As a rule of thumb, each five cent increase above $1.35 is worth 1%.

Global VFC Table Effective 1 July 2019

Fuel prices at pumpCore VFC %RUC %Total
$1.35 - $1.399 1% 4.49% 5.49%
$1.40 - $1.449 2% 4.49% 6.49%
$1.45 - $1.499 3% 4.49% 7.49%
$1.50 - $1.549 4% 4.49% 8.49%
$1.55 - $1.599 5% 4.49% 9.49%
$1.60 - $1.649 6% 4.49% 10.49%
$1.65 - $1.699 7% 4.49% 11.49%
$1.70 - $1.749 8% 4.49% 12.49%
$1.75 - $1.799 9% 4.49% 13.49%
$1.80 - $1.849 10% 4.49% 14.49%
$1.85 - $1.899 11% 4.49% 15.49%

We print next month’s variable fuel charge on each statement.

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