Amazon (AMZN) is responding to the steady increase in fuel prices related to the US war in Iran by tacking on a surcharge to the cost for third-party sellers that use the company’s shipping fulfillment service.
“Elevated costs in fuel and logistics have increased the cost of operating across the industry,” an Amazon spokesperson said in a statement to Yahoo Finance.
“We have absorbed these increases so far, but similar to other major carriers, when costs remain elevated we implement temporary surcharges to partially recover these costs,” the spokesperson added.
Amazon says the 3.5% “fuel and logistics-related surcharge” will be added to existing fulfillment fees, but notes that the price is “meaningfully lower than surcharges applied by other major carriers.”
Indeed, Amazon isn’t the only carrier that’s adding a fuel surcharge based on the rising costs.
The US Postal Service said it is increasing base postage prices on Priority Mail Express, Priority Mail, USPS Ground Advantage, and Parcel Select by 8%, though it still needs to be reviewed by the Postal Regulatory Commission.
UPS (UPS) has also adjusted its fuel surcharge in light of increasing prices.
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