BAF

The following table shows the 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 shell.de. 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 January 2022 was the start date of the contract, then the initial amount would be equal to €1,5335.
  • For the transportation in January 2022, diesel is not invoiced.
  • In January 2022 the diesel rate is €1,6137.
  • In that case, there is a 2 percent increase.
  • For transportation made in February 2022, diesel will be invoiced at a rate of 2 percent of the freight.
Shell Germany Fuel Price Level (excl. VAT)Rate
1,1481 €1,1850 €-6%
1,1851 €1,2220 €-5%
1,2221 €1,2590 €-4%
1,2591 €1,2960 €-3%
1,2961 €1,3330 €-2%
1,3331 €1,3700 €-1%
1,3701 €1,5630 €0%
1,5631 €1,6100 €1%
1,6101 €1,6580 €2%
1,6581 €1,7080 €3%
1,7081 €1,7590 €4%
1,7591 €1,8110 €5%
1,8111 €1,8650 €6%
1,8651 €1,9210 €7%
1,9211 €1,9780 €8%
1,9781 €2,0370 €9%
2,0371 €2,0980 €10%
2,0981 €2,1610 €11%
2,1611 €2,2260 €12%
2,2261 €2,2930 €13%
Monthly Average Fuel Prices
MonthFuel Cost
Euro/liter
January 1,6137 €
February1,6802 €
March2,1589 €
April2,0364 €
May
June
July
August
September
October
November
December
Shell Germany Fuel Price Level (excl. VAT)Rate
1,1481 €1,1850 €-6%
1,1851 €1,2220 €-5%
1,2221 €1,2590 €-4%
1,2591 €1,2960 €-3%
1,2961 €1,3330 €-2%
1,3331 €1,3700 €-1%
1,3701 €1,5630 €0%
1,5631 €1,6100 €1%
1,6101 €1,6580 €2%
1,6581 €1,7080 €3%
1,7081 €1,7590 €4%
1,7591 €1,8110 €5%
1,8111 €1,8650 €6%
1,8651 €1,9210 €7%
1,9211 €1,9780 €8%
1,9781 €2,0370 €9%
2,0371 €2,0980 €10%
2,0981 €2,1610 €11%
Monthly Average Fuel Prices
MonthFuel Cost
Euro/liter
January1,2444 €
February1,2888 €
March1,3286 €
April1,3219 €
May1,3452
June1,3794
July1,4058 €
August1,4018 €
September1,4261 €
October1,5532
November1,5752 €
December1,5335 €