Fuel Index
The purpose of the fuel price index is to keep Gulf Air customers and partners informed of changes in our fuel surcharge policy, based on fuel price fluctuations in the market.
The fuel price index is based on the average price of jet fuel from five worldwide markets (Rotterdam, Singapore, New York, Los Angeles and the Gulf Coast). The average fuel price is indexed against a baseline of US$0.5335 per US gallon. The index values for the last 6 months are presented below:
The guidelines we employ to set the fuel surcharge levels are explained in the following table:
Surcharge Change Guidelines
| Increase Guidelines |
|
| Exceeds |
115 for a period of 2 consecutive weeks |
USD 0.05/kg |
| Exceeds |
135 for a period of 2 consecutive weeks |
USD 0.10/kg |
| Exceeds |
165 for a period of 2 consecutive weeks |
USD 0.10/kg |
| Exceeds |
190 for a period of 2 consecutive weeks |
USD 0.20/kg |
| Exceeds |
215 for a period of 2 consecutive weeks |
USD 0.25/kg |
| Exceeds |
240 for a period of 2 consecutive weeks |
USD 0.30/kg |
| Exceeds |
265 for a period of 2 consecutive weeks |
USD 0.35/kg |
| Exceeds |
290 for a period of 2 consecutive weeks |
USD 0.40/kg |
| Exceeds |
315 for a period of 2 consecutive weeks |
USD 0.45/kg |
| Exceeds |
340 for a period of 2 consecutive weeks |
USD 0.50/kg |
| Decrease Guidelines |
|
| Below |
320 for a period of 2 consecutive weeks |
USD 0.45/kg |
| Below |
295 for a period of 2 consecutive weeks |
USD 0.40/kg |
| Below |
270 for a period of 2 consecutive weeks |
USD 0.35/kg |
| Below |
245 for a period of 2 consecutive weeks |
USD 0.30/kg |
| Below |
220 for a period of 2 consecutive weeks |
USD 0.25/kg |
| Below |
195 for a period of 2 consecutive weeks |
USD 0.20/kg |
| Below |
170 for a period of 2 consecutive weeks |
USD 0.15/kg |
| Below |
145 for a period of 2 consecutive weeks |
USD 0.10/kg |
| Below |
120 for a period of 2 consecutive weeks |
USD 0.05/kg |
| Below |
100 for a period of 2 consecutive weeks |
USD 0.00/kg |
Actual surcharge values are set for each market individually, based on local regulatory and market conditions. Fuel surcharges are levied on actual weight, unless mandated otherwise by local legal requirements or national carrier practices.
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