Leasedrive Group has produced an ‘Essential Guide to Fuel Management’ looking at one of the most significant costs to businesses that it says could soon overtake depreciation as the single biggest cost of running a company car fleet.
Roddy Graham, commercial director at Leasedrive, said: “Over the past five years, fuel prices have risen by an average of over 50%.
“While they may be down a little from their peak earlier in the year, fuel prices at the pumps remain at historically high levels and, according to most authoritative sources, are set to rise further.
“While the cheapest mile is the mile never driven, there are sensible measures that all responsible organisations can take to reduce their total fuel bill and achieve significant savings.
“Effective management of fuel costs begins with measurement. And as mandatory greenhouse gas reporting is phased in, starting in 2013 for FTSE quoted companies, accurately recording business mileage will become essential for all organisations.”
The essential guide looks at how to measure the cost of fuel, proper fuel expense management, ways of reducing fuel usage and tips on influencing the driver.