Base Fuel Price definition
Examples of Base Fuel Price in a sentence
Should the average semi-annual diesel fuel cost exceed the established Base Fuel Price, the County will be assessed a fuel surcharge.
The Base Fuel Price shall be the average of the weekly fuel prices for the previous eight (8) weeks, as listed in the DOE Gulf Coast Retail Diesel Fuel Price Index.
The Base Fuel Price for this agreement is $2.73 per gallon of diesel fuel.
The Base Fuel Price, Upper Trigger Price and the Lower Trigger Price shall stay in effect for the duration of each Pricing Period.
BFP = For purposes of this Contract, the Base Fuel Price in dollars per gallon shall be fixed at $1.260 for the duration of this Contract; it is derived by taking the arithmetic average of the Chevron and Tesoro Honolulu price for Low Sulfur No. 2 Diesel, computed to the nearest thousandths of a dollar, as reported in the edition of the ▇▇▇▇▇▇▇▇ Wholesale Diary in effect as of September 15, 2000.
The Fuel Price Adjustment shall be calculated by multiplying the difference between the Base Fuel Price and the Average Monthly Fuel Price by the adjustment factor of 1.
The fuel surcharge shall be 1% of the semi-annual cost of service for every $.05 that the average semi-annual diesel fuel cost exceeds the Base Fuel Price.
Base Fuel Price Assigned: [1 month prior to Tender Closing Date] Date: [1 month prior to Tender Closing Date] ▪ The rates per activity will be reviewed at six month intervals after commencement of the contract.
Should the semi- annual diesel fuel average be at or below the established Base Fuel Price, the County will not be invoiced a diesel fuel surcharge, but neither shall there be any reduction in billing by the City.
At the expiration of the first year of the agreement, beginning the date of the commence of services, the Base Fuel Price shall be $5.00.