FUEL SURCHARGE
Med-X has standardised its fuel surcharge mechanism to provide a simple and transparent way of reflecting fuel price movements. The fuel surcharge may increase, decrease, or remain unchanged as fuel prices fluctuate.
How to calculate your fuel surcharge
To provide greater transparency into how we calculate the fuel surcharge, we have provided the formula which will be applied in calculating the surcharge:
Fuel Surcharge = (Current Fuel Price – Base Fuel Price) / Base Fuel Price x Business Unit’s Fuel Component Weighting
If the Current Fuel Price is less than the price for diesel at the Base Fuel Month, then the Fuel Surcharge will be calculated using the price for diesel at the Base Fuel Month.
Consistent with standard industry practice, Shred-X relies on third-party data to determine the Current Fuel Price. Accordingly, the Current Fuel Price is the TGP for diesel published by the AIP for the preceding month, as available immediately prior to the last business day of that month.
Current Fuel Surcharge Table
| Effective Date | July 2026 |
| Fuel Surcharge | 6.93% |
| Fuel Type | Diesel |
| Fuel Price | $1.6486 |
| Base Month | August 2018 |
| Base Price | $0.9680 |
| Component Weighting | 9.85% |
| Index Source | AIP National Average |
| Refresh Frequency | Monthly |
Historical Fuel Surcharge
| June 2026 | 9.91% |
| May 2026 | 16.48% |
| April 2026 | 12.66% |
| March 2026 | 5.19% |
| February 2026 | 4.80% |
| January 2026 | 5.22% |
| December 2025 | 6.31% |
| November 2025 | 5.61% |
| October 2025 | 5.62% |
| September 2025 | 5.64% |
| August 2025 | 5.76% |
| July 2025 | 5.32% |
| June 2025 | 4.80% |
