Fuel Surcharge
Fuel surcharge – CANADA
Effective January 2008, Shred-it implemented a fuel surcharge that is adjusted monthly based on the Weekly Retail Diesel Pump Price Survey. Shred-it’s fuel surcharge in Canada is indexed to MJ Ervin and Associates* a company that monitors diesel prices weekly in approximately 65 different Canadian cities.
Fuel surcharge calculation methodology
Calculation of the fuel surcharge is based on two main factors, the invoice subtotal before taxes and the current price per litre of fuel. Based on the price per litre of fuel, a fuel surcharge percentage is applied to your invoice subtotal before taxes.
The percentage is determined using the following table:
|
If the
price per litre of fuel is between |
Your fuel
surcharge will be |
||
|
$ 0.000 |
and |
$ 0.800
|
0.0% |
|
$ 0.801
|
and |
$ 0.820
|
0.4% |
|
$ 0.821
|
and |
$ 0.840
|
0.8% |
|
$ 0.841
|
and |
$ 0.860
|
1.2% |
|
$ 0.861
|
and |
$ 0.880
|
1.6% |
|
$ 0.881
|
and |
$ 0.900
|
2.0% |
|
$ 0.901
|
and |
$ 0.920
|
2.4% |
|
$ 0.921
|
and |
$ 0.940
|
2.8% |
|
$ 0.941
|
and |
$ 0.960
|
3.2% |
|
$ 0.961
|
and |
$ 0.980
|
3.6% |
|
$ 0.981
|
and |
$ 1.000
|
4.0% |
|
$ 1.001
|
and |
$ 1.020
|
4.4% |
|
$ 1.021
|
and |
$ 1.040
|
4.8% |
|
$ 1.041
|
and |
$ 1.060
|
5.2% |
|
$ 1.061
|
and |
$ 1.080
|
5.6% |
|
$ 1.081
|
and |
$ 1.100
|
6.0% |
|
$ 1.101
|
and |
$ 1.120
|
6.4% |
|
$ 1.121
|
and |
$ 1.140
|
6.8% |
|
$ 1.141
|
and |
$ 1.160
|
7.2% |
|
$ 1.161
|
and |
$ 1.180
|
7.6% |
|
$ 1.181
|
and |
$ 1.200
|
8.0% |
|
$ 1.201
|
and |
$ 1.220
|
8.4% |
|
$ 1.221
|
and |
$ 1.240
|
8.8% |
|
$ 1.241
|
and |
$ 1.260
|
9.2% |
|
$ 1.261
|
and |
$ 1.280
|
9.6% |
|
$ 1.281
|
and |
$ 1.300
|
10.0% |
|
$ 1.301
|
and |
$ 1.320
|
10.4% |
|
$ 1.321
|
and |
$ 1.340
|
10.8% |
|
$ 1.341
|
and |
$ 1.360
|
11.2% |
|
$ 1.361
|
and |
$ 1.380
|
11.6% |
|
$ 1.381
|
and |
$ 1.400
|
12.0% |
Calculation example:
For shredding customers, the surcharge is applied to the invoice subtotal before taxes.
If your invoice subtotal is $50, and the 4-week average Weekly Retail Diesel Pump Price is $1.00 / litre, the surcharge would be 4.0% based on the table above.
It is calculated as follows:
| Invoice subtotal | $50.00 |
| Fuel surcharge | $2.00 (4.0% * $50 = $2.00) |
| Subtotal before taxes | $52.00 + applicable taxes |
Fuel surcharge – USA
Effective January 2008, Shred-it implemented a fuel surcharge that currently is adjusted monthly based on the U.S. National Average On-Highway Diesel Fuel Prices* from the U.S. Energy Information Administration within the U.S. Department of Energy.
Fuel surcharge calculation methodology
Calculation of the fuel surcharge is based on two main factors, the invoice subtotal before taxes and the current price per gallon of fuel. Based on the price per gallon of fuel, a fuel surcharge percentage is applied to your invoice subtotal before taxes.
The percentage is determined using the following table:
|
If the
price per gallon of fuel is between |
Your fuel
surcharge will be |
||
|
$ 0.000 |
and |
$ 2.444 |
0.0% |
|
$ 2.445 |
and |
$ 2.514 |
0.4% |
|
$ 2.515 |
and |
$ 2.584 |
0.8% |
|
$ 2.585 |
and |
$ 2.654 |
1.2% |
|
$ 2.655 |
and |
$ 2.724 |
1.6% |
|
$ 2.725 |
and |
$ 2.794 |
2.0% |
|
$ 2.795 |
and |
$ 2.864 |
2.4% |
|
$ 2.865 |
and |
$ 2.934 |
2.8% |
|
$ 2.935 |
and |
$ 3.004 |
3.2% |
|
$ 3.005 |
and |
$ 3.074 |
3.6% |
|
$ 3.075 |
and |
$ 3.144 |
4.0% |
|
$ 3.145 |
and |
$ 3.214 |
4.4% |
|
$ 3.215 |
and |
$ 3.284 |
4.8% |
|
$ 3.285 |
and |
$ 3.354 |
5.2% |
|
$ 3.355 |
and |
$ 3.424 |
5.6% |
|
$ 3.425 |
and |
$ 3.494 |
6.0% |
|
$ 3.495 |
and |
$ 3.564 |
6.4% |
|
$ 3.565 |
and |
$ 3.634 |
6.8% |
|
$ 3.635 |
and |
$ 3.704 |
7.2% |
|
$ 3.705 |
and |
$ 3.774 |
7.6% |
|
$ 3.775 |
and |
$ 3.844 |
8.0% |
|
$ 3.845 |
and |
$ 3.914 |
8.4% |
|
$ 3.915 |
and |
$ 3.984 |
8.8% |
|
$ 3.985 |
and |
$ 4.054 |
9.2% |
|
$ 4.055 |
and |
$ 4.124 |
9.6% |
|
$ 4.125 |
and |
$ 4.194 |
10.0% |
|
$ 4.195 |
and |
$ 4.264 |
10.4% |
|
$ 4.265 |
and |
$ 4.334 |
10.8% |
|
$ 4.335 |
and |
$ 4.404 |
11.2% |
|
$ 4.405 |
and |
$ 4.474 |
11.6% |
|
$ 4.475 |
and |
$ 4.544 |
12.0% |
Calculation example:
If your invoice subtotal is $50, and the U.S. National Weekly Retail On-Highway Diesel Prices is $3.00 / U.S. gallon, the surcharge would be 3.2% based on the table above.
It is calculated as follows:
| Invoice subtotal | $50.00 |
| Fuel surcharge | $1.60 (3.2% * $50 = $1.60) |
| Subtotal before taxes | $51.60 + applicable taxes |
Terms and conditions:
Shred-it reserves the right to assess and adjust fuel and other surcharges on its services without notice. The duration and amount of any surcharge, along with the calculation methodology, will be determined at Shred-it’s sole discretion and may change or adjust without notice. By engaging Shred-it for document destruction services, you agree to pay the surcharges, as determined by Shred-it. Such surcharges may, from time to time, result in additional profit for Shred-it. If you have any questions, please contact 1-800 60-Shred (74733) or email info@shredit.com.
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