Fleet News

Falling fuel prices should be viewed as an opportunity for further savings, says Chevin

Ashley Sowerby

News that diesel prices have dipped below £1 per litre should be viewed by fleets as an opportunity to make further savings, says Chevin Fleet Solutions.

Ashley Sowerby, managing director, said that increased price competition provided an opening to make further savings, and that fleets should not view cheaper fuel as an excuse not to take further action.

He said: “The fairly dramatic fall that we have seen in fuel prices is definitely a bonus for fleets but it should very much be viewed as a jumping off point for additional reductions in spending, we believe.

“What the £1 litre is really indicative of is a market that is highly competitive and any buyer in a highly competitive market can make savings by following the right strategies.

"Fuel is a major expense for fleets and this is an opportunity to manage costs even lower.”

Sowerby said that, by using fleet software and fuel cards together, managers should be able to create savings well above and beyond those made available by falling prices.

“There is a wide range of fuel strategies that are available but some of the simplest can be extremely effective," he said.

"Simply by monitoring prices online and guiding drivers towards the cheapest local outlets, you could easily gain an extra five pence per litre above what you are already saving through the general price decreases across the market.

“Your fuel card data and the analysis tools available in your software will let you see which drivers are complying and also allow you to demonstrate the kind of savings that are being achieved. It is a worthwhile win for relatively little effort.”



Click here for fuel and fuel cards best practice and procurement insight

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Comment as guest


Login  /  Register

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee