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When there is something we think you should know, we will post right here, to keep you informed and up to date with what’s happening at PBT.
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.