A new fuel card has been launched that enables SMEs to determine the price of their fuel based on the volume they purchase.

Bill Holmes, chief executive of Radius Payment Solutions, said the new Crystal fuelcard brings transparent pricing for SMEs

Said to be the UK’s first variable fuel card, the new Crystal Fuelcard from UK Fuels is designed to offer transparent pricing that can be easily monitored through an online portal.

The fuel card pricing structure will be broken down into bands meaning customers can determine what price they pay per litre. Ultimately, the more fuel you buy, the more cost effective it becomes.

Bill Holmes, chief executive of Radius Payment Solutions, said: “In the current climate, customers want consistent transparent pricing and a solution, which places control back in their hands.”

The firm also claims that the Crystal Fuelcard will be the market’s only self-service fuel card, putting customers in control of all aspects of their account management through Radius’ free online portal Velocity, which is also downloadable as an app. Customers can retrieve their invoices online as and when they need and better regulate company expenses. The firm said the self-service model will also mean it is able to reward customers with more competitive fuel prices.

Holmes added: “We aim to make fuel cards more tailored to the modern consumer, looking for innovative ways to offer simple and clear fuel solutions, building on our more than 25 years of experience. It is our belief that this unique fuel card will be an attractive offering for any business, inspiring confidence with the transparent pricing model. Crystal Fuelcard will be the only transparent fuel card on the market, with a card as transparent as the pricing.”