Nisa raises fuel levy again to £13.43 per delivery

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Symbol group retailer Nisa reported to have announced that it is increasing its fuel levy again from £9.77 to £13.43 per delivery.

In a reported letter sent to retailers, the wholesale group is said to have stated that the increase in fee was to cover the “increased incremental cost of fuel” it was facing.

“Although the cost of fuel is now so much higher, we have been absorbing the incremental costs in what was left of the last quarter as we agreed to only review the levy on a quarterly basis,” media reports stated quoting the letter.

“However, following the quarterly review of the fuel levy, we can now confirm that we will have to raise the fuel levy amount to £13.43 per delivery to cover the increased incremental cost of fuel we’re experiencing, and this will be effective from week commencing 11 July.”

Nisa had introduced a fuel levy in February with the price of £4.88. However, in less than three months, the levy doubled to £9.77 in April.

“We agreed to review the fuel price at the end of every quarter and the current levy of £9.77, set at the end of Q1, was based on a four-weekly fuel price of £1.41,” stated the letter.

According to Nisa, it had opted for a fuel levy instead of increasing the costs in its PLOF (price list order form) , and believed the fuel prices “were temporary and wanted to de-escalate equally as quickly”.

Asian Trader has contacted Nisa for a comment.