What does fuel surcharge mean?
1 Answers
Below is an introduction to fuel surcharge: It is an additional fee imposed by transportation companies to offset increased operational costs due to rising fuel prices. This charge is typically expressed as a fixed amount per unit of transportation or as a percentage of the freight cost. Here are common types of fuel surcharges: They include aviation fuel surcharge and taxi fuel surcharge. The aviation fuel surcharge is levied by airlines to reflect fuel price fluctuations, collected according to national standards, primarily to alleviate the cost pressure on airlines caused by significant oil price increases. The taxi fuel surcharge is imposed by taxi companies to reflect fuel price changes, mainly aimed at effectively mitigating the impact of rising oil prices on the taxi industry.