Four of the top fuel questions businesses are asking right now
Fuel costs are a major issue for businesses right now. So what are the burning issues that business leaders are discussing about company fuel and fuel cards at the moment?
1. Where is the cheapest fuel in the UK?
Business leaders are understandably keen to find out about variations in fuel costs across the UK. Which forecourts offer the best deals and discounts, and which parts of the country are the cheapest?
2. How will businesses deal with the changes in the 2012 Budget?
There hasn’t been much good fuel news for businesses lately. So the announcement in the latest budget that fuel prices will go up by 3.02p to 145p a litre from August 2012 wasn’t exactly received with a cheer.
3. How can I use fuel cards to save on fuel costs?
Fuel cards can give businesses access to cheaper-than-pump fuel prices. They also help businesses improve their administration with regular reporting on their fuel spend: including HMRC-approved VAT fuel invoices which make reclaiming fuel VAT easier.
4. What will happen next to pump prices?
Conflict in the Middle East, tax hikes, economic crisis: the factors which affect fuel prices are many and varied. Predicting what will happen to fuel prices next requires either a crystal ball or a PhD in Economics.
Guest Post: James Knight is the fuel management consultant of The Fuelcard Company, the largest commercial reseller of company fuel cards in the UK. You can read more on his expertise in fuel control and solutions on vehicle maintenance by reading Fuel Cards Blog here. You can also find him on Google+ and Twitter.