Vol.31#4
 
What's New
 


Air cargo fuel price index dips for third time

 

For the third time in a row, the Fuel Price Index levels have dipped. In the weeks ending Nov. 18, 2005 and Nov. 11, 2005, the index dropped to 312 and 319 respectively. According to the fuel surcharge mechanism, when the index goes below the trigger point 320 for two consecutive weeks, the fuel surcharge will be lowered as follows:

 

OLD

NEW

Area 1
North & South America

HK$4.00/kg

HK$3.60/kg

Area 2
Europe, Middle East & Africa

HK$4.00/kg

HK$3.60/kg

Area 3
South & Southwest Pacific

HK$4.00/kg

HK$3.60/kg

Area 3
Asia (other than South &
Southwest Pacific)

HK$2.00/kg

HK$1.80/kg

The new surcharge took effect on Tuesday, 6 December 2005.


 
 
 
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