Latest Fuel News

Transport company owners can breathe easy with petrol cards

Nov 30th, 2008

Running a business can be an extremely difficult to do. Although there are others to help out, there are so many other things that the owner has to keep track of. Bills, payments, employees, contracts and all most everything that the company rides on has to be looked over by one individual. Help is gladly accepted from wherever it comes as it makes running the company easy.

So with the introduction of petrol cards, fleet company owners can breathe a little easy. Whether the company transports cargo or people, petrol cards are a wonderful way to keep a track of the running costs of a company. There are other benefits that come along with petrol cards.

One of the best benefits is that you do not have to give drivers cash to buy petrol and wonder how much they actually use on petrol. Petrol cards can have a limited amount of petrol which can be bought, so every time your driver fills up the tank, a particular amount is deducted without any hassle.

Every time a purchase is made, an invoice is provided which shows the tax and this helps the smooth process of tax recovery. Another wonderful benefit is that you need not buy fuel in bulk because you pay for the exact amount of petrol you use. Petrol cards can even be quickly and immediately stopped in case they are card is lost, stolen or misused.

Better fleet management using fuel cards

Nov 29th, 2008

The responsibility a company undertakes while running a business that requires managing a fleet of vehicles on road is simply nerve racking. One of the main issues is the daily consumption of fuel for each vehicle, which is a huge expense.

Switching over to fuel cards can give such organisations quite a relief. Fuel cards allow setting an upper limit so that there are no cases of fraud. This ensures that every vehicle owned by the company that is using a fuel card is not misusing it for personal fuel consumption. While the discount availed on a fuel card is rather modest, it can create a significant impact on the overall expenses of a company.

The entire concept of fuel cards to pay the consolidated amount later is beneficial for organisations as they can sort out their accounts monthly and are relived from the burden of daily expenditure and calculations. Fuel cards are reliable as every transaction is recorded and maintained. Receipts are handed over to the driver for verification.

Fuel cards also provide organisations recovery from the dreaded VAT. The invoices and bills that a fuel card provides are approved by VAT and as the fuel is bought on company’s name there is no need to show individual receipts. Fuel cards have a lot to offer in terms of benefits and hence every company with a fleet of vehicles must use a fuel card.

Fuel cards are different from credit cards

Nov 28th, 2008

Some people wrongly think that it is not important to have a fuel card if they have a credit card. There are few similarities between fuel cards and credit cards but they are not totally the same. A fuel card has its own use and benefits.

The most obvious benefit of owning a fuel card is the possibility of buying diesel, petrol and other fuel whilst potentially making a saving. Fuel cards are very important these days because of the hike in fuel prices. If your company has several cars for the employee or transportation business then fuel cards are of great use. You can hand a fuel card to your driver instead of cash for filling up your vehicle. This is important for your business as it improves the progress of tax recovery.

The benefits of using a fuel cards are as follows:

  • Pricing: Fuel cards offer both customised and competitive pricing according to the needs and company size. Fuel cards can help in saving fuel costs but additional savings can also be realised by creating sustained efficiency fleet wide.
  • Reporting: Fuel cards save both money and time through efficiency in reporting. Fuel cards can give a complete report of the total fuel expenditure.

Fuel cards are a great investment which benefits both the users and filling stations. You can keep a track on the fuel expenses and control your expenses in the future which will be beneficial to the company.

The emergence of a fuel card

Nov 27th, 2008

Cheap diesel and cheap petrol is a thing of the past and everything that you use today has a price that some can afford while some cannot. Fuel is one such commodity that will continue to be valuable and expensive. Fuel consumption has increased alarmingly due to the increase in the vehicles in the last few decades.

Almost every industry uses vehicles to run its business. While they pray that the prices of fuel will fall someday, it is a better option to switch to something more realistic and cost effective like a fuel card.

It is important to choose the right fuel card, especially for businesses that heavily rely on vehicles. They must use a fuel card that can not only provide savings on every transaction but also maintains the transactions and records them.

Fuel cards allow an upper limit to be set so that the fuel is filled up only as much as the quota in the card.

This facility ensures that there is no misuse of a fuel card. This setting of an upper limit on the card also helps in keeping a tab on the fuel consumption of a vehicle. Fuel cards provide itemised bills and VAT recovery. Therefore, if you are applying for a fuel card, make sure that it complements your business.

Why do you need a fuel card?

Nov 26th, 2008

If you business depends on a number of vehicles and drivers for its operations, it is not possible to keep track of everyone, especially when it comes to filling fuel. Well if you are thinking hard for a solution it is a good time to get yourself a fuel card.

A fuel card allows you to fill in your fuel tank without having to pay money on the spot. So if you are short on cash it is a great option to use a fuel card and pay the consolidated amount later.

You could make savings every time you fill diesel or petrol using the fuel card. So if you use your vehicles extensively and spend a lot of money on purchasing fuel then fuel cards are a great way of getting diesel and petrol.

Lots of industries run their company on vehicles (couriers, travel coaches, etc.) thereby increasing their fuel expenditure to a huge amount. In such cases, using a fuel card could be quite beneficial as the overall fuel expenses can be cut down to a great extent. Fuel cards also allow you to set a limit so that they cannot be misused.

Fuel is an expense that you can neither neglect nor avoid. However fuel cards help you control your fuel expenses. In large industries, fuel cards can be a good source of money management as fuel accounts are maintained and updated timely without any paperwork.

Control your fuel consumption using a fuel card

Nov 25th, 2008

Any industry or organisation that is heavily dependent on vehicles needs to control its fuel consumption in order to control its overall expenses. Fuel cards are an ideal solution to help cut down fuel costs. Fuel cards are accepted at almost every petrol station so there is no need to make an extra effort to locate them.

Another big and very important advantage of using a fuel card is that it provides the organisation with VAT recovery. There is no need to pay and reclaim if you use a fuel card. All you need to have is a fuel card, which has the name of the company so that the company can claim the VAT.

All the transactions are recorded and on many of them you can save a few pence a litre by using a fuel card as the prices are fixed, regardless of where you fill up. There is no need for individual receipts as the account is in the company or organisation’s name.

This is a great advantage for organisations as they can reduce their fuel expenses to an extent. Even the savings per transaction add up to the overall cost benefits.

The fuel consumption of a company that relies on vehicles is invariably responsible for the efficiency. Frequent use of fuel cards by an organisation cuts down the fuel costs and controls the fuel consumption. It therefore makes the company’s vehicle fleet more efficient.

Fuel cards to reduce fuel expenditure and keep a track of it

Nov 24th, 2008

We all want to find ways to cut down our fuel expenses with the increase in fuel prices. Fuel cards are the best way to reduce fuel expenditure. Fuel cards allow you to pay your fuel bills whenever you go to the fuel station for refuelling without having to carry any cash.

Mobile and telephone cards have become an essential part of our lives and fuel cards are no exception to this. In recent years, there has been a rapid increase in the number of people using fuel cards.

Courier, transport and other service companies that rely on vehicles for their operations have to manage a large number of vehicles. Keeping a track of all the vehicles and their fuel consumption manually can be a nightmare for every fleet manager. By using a fuel card, a fleet manager can have better control over the fuel expenses. Fuel cards can be used to pay fuel bills. You do not have to carry any cash with you each time you visit the fuel station. You can use fuel cards that act as a substitute for cash.

Fuel cards are acceptable at almost all the fuel stations. Fuel cards help you to keep track of your fuel expenditure. It is really beneficial to have a fuel card for convenience as well as saving on fuel.

Fuel cards can also be used for vehicle maintenance

Nov 24th, 2008

Fuel prices have increased over the years. Hence, it is important to think about your vehicle’s fuel consumption to save every little bit of money which can prove be an incentive. Fuel cards can really help you save money as well as time. All you have to do is to apply online for a fuel card and start saving right away.

Fuel cards offer you many benefits depending on the kind of card you select. There are fuel cards that can be used at any gas station. Fuel cards are also highly used for employee perks and business purposes. Fuel cards can be used to purchase petrol, diesel and even lubricants. Most of the fuel outlets accept fuel cards as they have a tie up with the fuel card company.

Fuel cards eliminate the need for cash and allow you to refuel using the fuel card. Fuel cards help you to keep a track of reward points through the statements. You can also make savings on your total monthly bills by vouchers or cash back. While purchasing a fuel card, make sure that it is widely accepted at most petrol pumps.

Fuel cards can also be used for maintenance of vehicles. They can be used to get new brakes, oil changes, new tires and many other uses related to vehicle maintenance. Fuel cards eliminate guesswork at they provide you with real time reports on a daily basis.

Fuel cards to help you save on your Fuel

Nov 23rd, 2008

Fuel prices have gone through the roof and this has affected business all over the world. Companies are trying to do everything possible to minimise the effects of increased fuel prices.

With the help of the credit cards you can go and buy something and pay later, even when you needed to fill gas, you could fill up today and pay later with the help of the credit cards. Thus a credit card enables you to purchase, even when you are short on money, essentially enabling to buy without the need of cash. There are no savings however and plus you have to pay very high interest after the credit free period.

Fuel cards are the latest and the bet way to save on fuel. You can buy fuel without paying any cash and pay for it later. You can also save on fuel considerably over a period of time.

Do not look at fuel cards as an alternative to credit cards, for with a fuel card, you can buy your petrol, gas, diesel or other fuel at a discounted rate.

This is especially beneficial if you own a fleet of vehicles, such as a transportation agency or a delivery agency. With the help of fuel cards, you can save a considerable amount of money and at the same time since these cards are tax included, it smoothes out the process of tax recovery.

Benefits of a fuel card are many. Some of them are as follows:

1. Fill up wherever you need, saving on offsite fuel filling
2. Save on fuel
3. See what and how your drivers are spending on fuel
4. No more cash transactions
5. VAT approved transactions

Fuel cards have many benefits for fleet owners

Nov 23rd, 2008

Many times it becomes very difficult for organisations to manage their fuel expenditure. It is also one of the most consuming tasks. With the use of fuel cards, you can simplify the complete process. Fuel cards can simply help organisations to control their fuel expenditure. It is a very convenient method of payment.

Fuel cards are one of the easiest ways to make fuel payments as there is no requirement to carry cash at all. Fuel card is somewhat similar to a credit card. It works on the smart card technology.

Some of the features of a fuel card are:

  • Tie-up with many fuel stations to do cashless transactions.
  • One can save of up to 3 pence per litre on the fuel expenses.
  • Fuel cards are completely secured. You can monitor your fuel expenses easily with the help of a fuel card. You will receive a weekly invoice that is VAT approved.
  • It becomes very easy to get details of each transaction with the use of fuel cards.
  • You can also receive your invoice bill on your e-mail ID. It is one of the most secure and flexible ways to handle your data.
  • With fuel cards you also get to manage your reports online and export them into excel sheets. You can also request for invoice copies online and even view un-invoiced transactions.
  • Another important advantage of fuel cards is that you get an interest free credit on all your transactions. Fuel cards are issued completely free of charge.