Revision of administrative fees
In pursuance of the Board approval accorded during its 108th Board meeting held on 10.10.2023, the Management is pleased to notify revision of the administrative fee from 1% to 3% for common pool transportation. The revision is based on the rationale that the service is currently under-compensated given the nature of administrative burden on the company, which entails documentation, calls and communications, receipt and payment of transportation charges, and scheduling.
Therefore, the administrative fees of 2% will be calculated on current transportation rate of Nu.17.36 and increased to Nu.17.71 per Km per M3. The increase in the administrative fees shall come into effect immediately.