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Fuel cards and the cost of fuel

Most large haulier companies tend to use fuel cards in order to pay for all their fleet fuel needs. They do so for a range of reasons, with the biggest being price. Fuel cards are a well established way of saving money on your fuel costs if you use them effectively. If you choose the right fleet card it is possible that you will never have to pay the full price at the pump again; many fuel card companies, including us at offer discounts on fuel, as well as fixed fuel prices over an extended period. By using fuel cards, you could save your company hundreds, if not thousands of pounds each year. Even if you are not a large company and only run a few vehicles, you could make substantial savings.

If you are looking to utilize fuel cards as a means to keeping your fuel costs low, there are a few things you should consider. There is more than one type of fuel card available, and it is very important that you choose the right one for your needs. With the first type of card, you will be required to pay the pump price for your fuel plus a small service fee on top. The second type of card, will allow you to pay a fixed fee for your fuel each week – this is usually linked to the bulk market price of fuel over that time period.

It’s important to bear in mind that whatever fleet fuel card you opt for, the price has been pre-agreed, so you will continue to pay a fixed price at the pump however it fluctuates. This means that it will be easier for you to plan your expenditure more effectively as you will be able to calculate your fuel costs down to the last mile.

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