BAF 2018

The following table shows the 2018 figures regarding BAF (Bunker Adjustment Factor) which provides the direct reflection of the fluctuations of global oil prices affecting Ekol’s customers directly.

Note: Monthly SHELL Germany average fuel price is received from the web site shellcardonline.shell.com. Click here to download BAF calculations for the previous years.

Calculation Method

  • The starting point of the diesel rate one month prior to the initial offer, is set to 0.
  • Diesel is not invoiced on the starting month of the contract.
  • The current month is calculated based on the diesel rate of the previous month.
  • Each line signifies a 1 percent increase.
  • The increase rate for the following months is added to the invoice based on the freight rate.

Sample Calculation

  • If September 2017 was the start date of the contract, then the initial amount would be equal to €1.037.
  • For the transportation in September 2017, diesel is not invoiced.
  • In October 2017 the diesel rate is €1.507.
  • In that case, there is a 1 percent increase.
  • For transportation made in October 2017, diesel will be invoiced at a rate of 1 percent of the freight.
Shell Germany Fuel Price Level (excl. VAT)
0,8440 0,8777
0,8778 0,9129
0,9130 0,9496
0,9497 0,9876
0,9877 1,0000
1,0001 1,0370
1,0371 1,0740
1,0741 1,1110
1,1111 1,1480
1,1481 1,1850
1,1851 1,2220
1,2221 1,2590
1,2591 1,2960
1,2961 1,3330
1,3331 1,3700
1,3701 1,4070
1,4071 1,4440
1,4441 1,4810
1,4811 1,5180
Monthly Average Fuel Prices
Month Fuel Cost
Euro/liter
January 1.109 €
February 1.130 €
March 1.152 €
April 1.183 €
May 1.220 €
June 1.300 €
July
August
September
October
November
December