Due to the recent attacks in Saudi Arabia, we would like to make you aware of a potential increase in FAF, the flow on impact this may have to global oil prices and hence the local price of fuel here in New Zealand.
With fuel being a significant cost input for transport and logistics businesses we feel it is appropriate to highlight this issue now. We will continue to monitor fuel prices closely and should fuel prices rise dramatically we will have to adjust our FAF rate accordingly.
We do not know the full impact of this event at this stage, and/or what lasting impact (if any) it may have. However we will keep you up to date as the situation develops.