Total distance driving
100 km
Total drive time
1.00 h
Vehicle and transport cost
€29.00
Hourly charge
€20.00
Total travel cost
€49.00
Calculation
Formula:
TC = (Distance × Travel Rate) + (Travel Time × Hourly Rate)
Travel Rate:
((Fuel Consumption ÷ 100) × Fuel Price) + Running Cost
Default example:
((8.5 ÷ 100) × €2.00) + €0.12 = €0.29/km
Running cost includes vehicle depreciation, tyres, maintenance, insurance and administrative vehicle costs.