Nolan Transport along with all companies within the transport sector are at the mercy of fluctuating fuel prices. Two of the core costs within our business are fuel and shipping. As a result of fuel prices rising constantly, ferry companies are passing on their increased fuel costs as a variable fuel surcharge.
Fuel has now risen to significant levels and as a result we have implemented a Variable General Fuel Surcharge on Euro and Sterling accounts from June 2018. This is in the form of a separate and accountable Variable General Fuel Surcharge Mechanism.These are based on the diesel price for January 2016 on the AA Website – http://www.theaa.com/driving-advice/driving-costs/fuel-prices
The global price of fuel has been creeping up, particularly since Q3 2017 and fuel currently accounts for 33% of our costs.
For the current fuel surcharge rate please log into your Customer Portal account
Ferry companies are passing their own rising costs on to us. To give you an idea of the costs here are links to the latest figures.
Please Note: From the 1st January 2015, the new EU Sulphur Emission Control Areas (SECA) takes effect for all ferry crossing on English Channel / North Sea shipping routes that has resulted in an increase to ferry costs. Irish Sea routes between Ireland – UK will be included in the SECA area from January 2020 and this will also result in a further increased ferry cost.