If you find your business spending too much on gas, then you are no doubt looking for ways to lower your costs. This can make a huge difference either for a company that has a large fleet of trucks, or smaller companies that simply travel a lot for business. Obviously you can try to shop around each time you need to refuel to save money, but this only goes so far.
One thing you might want to look into is fuel cards.
The only requirements to get one is that you have to use at least 300 litres a month, and you must have been in business for a minimum of 12 months. The benefits are two-fold. For one thing, you will save money. Also, it will make tracking your gas expenses easier.
But finding the right fuel cards is not easy.
There are tons of them on the market, so finding the right one is important. Here is how to do it. First of all, think about what station(s) you shop at. If you are doing business all over the UK, then you are likely to be getting gas from different stations all the time. However, if you only do business in one area, then you might be going to the same location all the time.
This makes a big difference.
For instance, some cards are accepted at any station in the UK (fixed weekly rate cards), whereas others are only for one particular location. If you do business nationwide, then you would probably want to go with a fixed rate card. This is because they are accepted all over the place.
With these, you pay the same price per litre for that week regardless of where you are refueling. The price you pay changes from one week to the next. You essentially are paying whatever the fuel cards company sets the cost at. This will be lower than the national average, which means at most stations it will work in your favor. If for some reason the card price is higher than the cost at a particular station, then just do not use it there.
Station specific cards
If your business area more limited and you find yourself refueling at the same place every time, then getting a station specific card is the way to go. This will usually give you a more significant discount at that particular station then what the fixed card would.
Conclusion
If you are spending more than you should at the pump, then getting the right fuel cards is important. Just make sure first think about where you shop-then get the card that will save you the most money there.
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