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Spending Review: Fleets told to keep track of fuel costs

By / 7 years ago / Latest News / No Comments

Colin Peters, e-marketing manager at The Fuelcard Company, said: 'The cuts announced by George Osborne today come as no surprise and confirm industry fears that the fleet sector has a tough few years ahead of it. Although it is good news that Britain's infrastructure will be protected, the cost of using these roads remains high and fleet companies will need to focus on how they can manage these cuts without reducing their services.

'It's more important than ever that fleet managers have a tight rein on their fuel usage as this is one area where significant savings can be made. Investing in the right fuel card will give businesses access to immediate discounts of up to 4ppl on the average price of diesel, which, over a year, would amount to a saving of £77,910 for a 30-strong HGV fleet. This is a huge saving and for many businesses could mean the difference between surviving and not-surviving this round of spending cuts.

'However, the real benefit of a fuel card comes from the increased control managers have over fuel usage. Businesses are able to monitor the fuel usage of individual drivers as well as the entire fleet, which, providing managers with a wealth of information, can help to identify areas where savings can be made, such as routing, or training drivers to adopt a more fuel efficient driving style.

'Fleet managers need to be looking at every area of their business for opportunities to reduce operating costs, even their administration system. Fuel cards can reduce the admin time of managing fuel expenses by providing consolidated HMRC approved VAT invoices.'

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