The U.S. Postal Service is seeking to temporarily place a fee on packages due to rising fuel prices as the war in Iran continues to rattle energy markets.
The 8% fuel surcharge on packages under Priority Mail Express, Priority Mail, USPS Ground Advantage, and Parcel Select is expected to take effect on April 26 and remain in place until Jan. 17, 2027. The Postal Regulatory Commission must review and approve the fee before it is enacted. If approved, first-class stamps and other mail services would not be affected.
“Transportation costs have been increasing, and our competitors have reacted with a number of surcharges,” the service said in a statement on Wednesday. “We have steadfastly avoided surcharges, and this charge is less than one-third of what our competitors charge for fuel alone.”
The development comes as the war in Iran has triggered the largest disruption to the global energy supply in history, due largely to Iran’s sweeping blockage of the Strait of Hormuz. Oil prices have spiked roughly 40%, approaching a record $120 a barrel earlier this month before stabilizing slightly.