NZ Wide News
VFC Timing Update
The purpose of this customer advice is to inform you of a change PBT is making to the VFC% timing in order to manage increased fuel price volatility. PBT currently uses the MBIE price for diesel from the previous month to determine the VFC% for the following month (e.g. January MBIE prices determine March VFC%). Due to the current pace of fuel price volatility, which we expect to continue for the foreseeable future, the true fuel cost used to provide our services in a given week are now significantly out of step with the VFC% charged for those services.