BP launches Fuel Price Guarantee to protect fleets from fuel price volatility
BP’s commercial fuels business has launched a new offer to help fleet owners cap diesel costs and protect their business against prices rising whilst maintaining the ability to benefit when prices fall.
BP’s new Fuel Price Guarantee (FPG) pricing offer caps the price paid on regular diesel for a set period and volume whilst still allowing customers to benefit from a price drop.
BP’s fuel cards marketing manager James Field-Davis said: “Fuel price volatility can have a meaningful impact on a business’s profitability, cash-flow, competitiveness and overall ability to do business. Exercising control over consumption and cost is an essential part of managing a fleet, so BP’s Fuel Price Guarantee is a unique way for fleet owners to budget, control and plan fuel costs more efficiently by not only capping the price of regular diesel, but also benefiting from falling prices.”
Subject to availability, customers can sign up to BP’s FPG via either UK Fuels or BE Fuel Cards. Customers will then be given a PIN-protected BP PLUS Fuel Card, which can be used to purchase fuel across the BP network. The capped price doesn’t apply at other sites accepting BP PLUS fuel cards.
Fleet managers will get a monthly report showing how much has been saved due to the cap and the amount of FPG volume left that month.