Two fuel rise strategies that don’t work for businesses
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 2011 was greeted with long faces. Many companies are responding to the rises by developing strategies of their own. However, some of these come with added business risks. They include:
Strategy 1. “We’ll try to cut down on our vehicle use”
While this is an understandable response, for many companies it’s just not practical in reality. For businesses that rely on keeping their team moving, it remains more of a blue sky strategy than a practical solution.
Strategy 2. “We’ll shop around at different petrol stations”
Again, this sounds like a helpful solution; in theory. But the reality of sending drivers around to look for better prices is likely to create more problems than it solves.
Fortunately, there is a practical way to take control of your fuel spend. When you apply for a free fuel analysis with The Fuelcard Company, we analyse three months of transactional data from your current fuel card supplier, mapping out the fuel stations you use at the moment (ranked by frequency of fill ups) to find the most appropriate fuel card network for you. We then recommend which fuel cards could suit you better; including details on how much you will save per week, month and year.
There’s no obligation, and it’s completely free.
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.