Latest Fuel News

Fleet fuel management and tracking not only depends on fuel costs and vehicles but also on the behaviour of employees. A fuel tracking programme offers some key benefits which are listed below:

Pricing:
A fuel card programme offers both customised and competitive pricing depending on the needs and size of the organisation. With the use of petrol and diesel cards you can make additional savings and hence create sustained fleet efficiency.

Report:
Diesel cards and petrol cards can help you to save money as well as time. Over a period of time fuel expenses can be reduced tremendously. As everything is automated, you will not to keep a manual track on your fleet.

Entire billing at once:
Companies with a large fleet of vehicles can select a company that provides a single bill. Using this, you will not only make financial savings but also save your time. Petrol cards can meet the requirements of every type of business as most companies provide weekly as well as monthly summary reports for fleet vehicles.

Investing in a petrol card will add plenty of advantages to fleet operators. Fleet managers can also make use of an advanced processing system that customises and controls the expenditure of the fleet.

According to the Automobile Association, cheap petrol and cheap diesel prices are a thing of the past, petrol prices rose sharply by over 5 percent, over the past month to mid February in the United Kingdom. This rise in petrol prices has been more than the rise in the current inflation rate.

The average retail price of unleaded petrol was 86.6 pence in mid January and rose by 4.3 pence per litre to 90.9 pence.

In a press statement, the association said that compared to the current inflation rate in the UK, the price of petrol in the past month has risen by nearly 5 percent. Over the past month, petrol prices have also risen more sharply than crude oil.

Industry analysts believe the price rise in petrol is because of the low levels of petrol in the United States and Europe, they main markets for gasoline exports for European oil companies.

On the other hand, the Automobile Association said that there was a modest rise in the average price of diesel. From a price of 98.7 pence in mid January, diesel rose to 100.8 pence in mid February, a difference of 2.1 pence.

Although prices of petrol and diesel have been increasing, there is still a way to enjoy considerable fuel savings. When fuel is purchased through petrol cards and diesel cards, its cost can be below the retail market price.

Although the global recession has hit all sectors and petrol prices have been reduced by petrol producing countries, research shows that petrol prices in Great Britain have not lessened a great deal.

Petrol prices were above inflation rates between mid January and February as were diesel rates. On average, petrol increased by 4p per litre and diesel costs rose by 2p. Although drivers and many other organisations have reported discontent in the matter it has had no effect on the fuel prices.

The easiest way to escape such fuel price fluctuation is by making use of petrol cards and diesel cards. When you use a petrol card or a diesel card you save some money every time you refuel your vehicle as the price is fixed. Petrol cards and diesel cards though, do not provide huge concessions but small savings but the overall amount of money saved is not trivial.

Petrol cards and diesel cards are especially beneficial for commercial organisations which have to operate a fleet of vehicles. Petrol cards and diesel cards also enable cashless transactions which is highly beneficial for such commercial organisations.

Fuel price fluctuations have the greatest effect on commercial organisations that own and operate a fleet of vehicles. As the fuel price rises, the companies lose a major part of their profit which affects the business negatively. The easiest solution to this problem is by opting for fuel cards.

Using petrol or diesel cards has many benefits, some of which are discussed below. Fuel cards offer fuel at fixed prices no matter where you fill up. This means that you often save money every time you use a fuel card since the prices are often lower than the ordinary fuel price.

When your company is using fuel cards you can easily check the fuelling details of every vehicle that your company owns. This saves both time and money and keeps a continual check on fuel usage. You can also find the location of the transaction when you are using a fuel card.

Diesel or petrol cards allow cashless transactions. This gets rid of many cash related complications. Reduced cash handling saves both time and money. Also when you are using fuel cards you can pay for the whole month’s fuel usage without paying any interest.

Many petrol cards also offer online account access, free of charge. Thus you can check the outstanding bill any time and plan your expenditure accordingly. This is highly beneficial for business organisations which are relatively new or have been hit badly by the global recession. So get hold of fuel cards and save some cash as soon as possible.

Fuel is the top of most fleet managers’ agendas. Following the fluctuations in fuel prices in the past few months, it is essential to have something that provides a lot of benefits. Petrol cards are the best means by which you can make great savings annually. A petrol card is similar to a credit card. Using a petrol card there will be no need to carry cash along with you all the time.

Here are a few other points that can help you to save a considerable amount of money:

Monitoring:
In order to manage the fleet properly, fleets are required to manage their fuel costs. Using a petrol card it becomes faster and easier to calculate the associated costs and the usage of fuel.

Vehicle choice:
Though a driver has more significant impact on the vehicle’s fuel economy, it is still necessary to provide efficient vehicles. You will need to compare the claims that are provided by manufacturers regarding their vehicles and at the same time find the applicable models depending on the CO2 emissions and fuel economy.

Speed:
After research, scientists have stated that about 2.1 million tonnes of CO2 can be saved every year if the drivers in the UK obey the speed limits on dual carriageways and motorways which will ultimately save 800 million litres of fuel.

The main motive of any business is the maximisation of profits. Therefore every business has to keep an eye on the way it operates its finances, as this plays a very important role when it comes to profits. When it comes to businesses with large fleets, the price of fuel is one of the main concerns.

Today many companies opt for the use of diesel as a fuel for their vehicles, mainly because of the cost effective prices.

The introduction of diesel cards has made paying for fuel easier for many companies. With diesel cards you do not have to worry about keeping a check on your drivers and the amount and type of fuel they have been using. Diesel cards, once issued on your name, give you a detailed report of the amount of diesel bought as well as the date and time of the transaction.

Diesel cards are convenient to use, mainly because they can be used for your diesel transactions, hence eliminating the need for cash. Diesel cards also make it easier for you to manage your fleet, especially when it comes to settling your fuel bills.

Fuel prices have been fluctuating considerably over the past few years. Regardless of prices, there are still few ways of saving money on fuel. One way would be by using a diesel card or petrol card.

With the help of a fuel card, you can save a small amount of about 2 -3 pence on every transaction that you make, as you pay a fixed rate, no matter where you fill up. Fuel cards are very convenient to use and can be used at most petrol stations. A fuel card helps users to save money as the number of transactions can be restricted on a daily, weekly and even monthly basis as per the choice of the user.

Diesel or petrol cards are useful to those users who do not have any control over their spending habits, as these cards can be assigned with a credit limit.

In case of a stolen card or unauthorised transaction, the user can dispute the transaction with the company and block the card. If cash is lost or stolen, nothing can be done.

Diesel or petrol card companies offer an interest free period for your purchases. This way you can buy diesel or petrol now and pay for it later.

At times, it can be extremely difficult to run a business effectively. This is because there are several things that need to be tracked. The company owner has to keep a track of employees, payments, bills, contracts and many other things that are associated with the company.

With the introduction of fuel cards, the task of managing a fleet has become extremely easy. With the help of fuel cards, company owners can breathe a sigh of relief. Your company may be transporting goods, cargo or any other things. Fuel cards greatly help to reduce the running costs of your company. There are also several other benefits that come along with diesel or petrol cards.

One of the greatest benefits of these petrol cards or diesel cards is that you will not have to provide cash to your drivers for filling up with petrol or diesel. Using these fuel cards, drivers can only purchase fuel for a particular amount. Every time your driver puts diesel or petrol in the vehicle, the bill amount will get deducted from the card. Another advantage of petrol cards or diesel cards is that the price is fixed, no matter where you fill up.

Another important benefit of a fuel card is that if the card is lost, it can be blocked immediately and unauthorised use can be stopped.

Fuel cards are the most appropriate way of paying at the petrol station, rather than using hard cash or any other mode of payment. This is mainly because there is a possibility that you may lose your cash or fall short. Fuel cards help you to save both time and money and if by any chance the card gets lost or if there is an unauthorised transaction over the card than you can always go ahead and dispute the transaction with your company. Hence these cards are very flexible and cost effective in nature.

Diesel cards or petrol cards are very useful for companies that have a transportation business and other companies that have to manage a large fleet of vehicles. Moreover, with the use of a fuel card, you can attain other benefits like better accountability, VAT approved transactions etc. With the help of a fuel card you do not have to wait for your change and neither will you ever be short of cash for refilling.

Diesel or petrol card helps you to cover all possible fuel expenses. Fuel cards also help in keeping track of your expenditure and thus help you to maintain your accounts precisely.

One thing that is always changing is the economy, and as the economy fluctuates so do fuel prices. While low fuel prices are always welcome, high fuel prices can be quite challenging for everyone.

Diesel cards or petrol cards help in keeping fuel costs organised and structured. This is because every time fuel is filled, instead of paying cash, fuel cards are swiped. A petrol card, also known as fuel card is quite similar to a debit or credit card in appearance however the functions and benefits are quite different. Though the discounts on fuel cards are not much, they do add up to a considerable amount over a period of time.

For convenience, most petrol stations accept diesel cards as well as petrol cards. One of the biggest advantages of using a fuel card is that a driver does not need to worry about carrying cash.

Petrol and diesel cards are also beneficial at avoiding fuel thefts. As every entry is recorded and preserved automatically, the scope of misusing the card is just about zero. Petrol and diesel cards keep managers happy when it comes to accounting and budgeting. Fuel cards record every activity that involves fuel consumption, which is essential for all organisations that run their businesses with vehicles, like transport and haulage.