A Petrol Card Can Save You Money

petrol-card

We see this all of the time as we analyze fuel deals for our fuel management clients. We are well conscious of high diesel fuel rates and transaction costs that we see on an everyday basis.

This concern occurs a lot more than most of you think it does. If your business is not utilizing a fleet fuel card however rather utilizing a AMEX, Visa, MasterCard, or Voyager to name a few you are probably paying more than that posted rate check in front of your favorite truck stop. The indication out front is for money consumers. The charge card cost can be anywhere in between 5-20 cents more per gallon on your diesel fuel rates.

Due to the fact that he sees exactly what is posted in BIG Numbers out front and thinks that is today’s price per gallon, your driver probably does not know it. The fleet fuel supervisor is usually just checking for things on the invoice like what time did his chauffeur fuel or did the truck take the appropriate amount of gallons compared to the distance it travelled. Rarely the fuel supervisor has the time to examine diesel fuel rates.

During a fuel analysis if you were comparing posted diesel fuel prices to the rate you paid or to OPIS or some other 3rd party resource you would see that you are overpaying with that credit card you were utilizing as your fleet card.

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There are fleet fuel cards and with most of them at truck stops you get charged a transactional charge for utilizing the card. This charge is a travel through from the truck stop operator back to you from your fleet fuel card provider.

Paying a couple of dollars on a deal or less is not dreadful if you are buying 100 gallons of diesel fuel. That fuel deal simply cost you $20. Let’s state diesel fuel prices are $3.00 and 1% of that would be 3 cents, you are still 17 cents in the hole.

It’s not just at your truck stops either. Living in Pennsylvania where we pay a lot more in gas taxes than they do in New Jersey, fuel appeared to be priced substantially lower than my home state.

I gave the attendant my fuel card which is a fuel card at truck stops and a MasterCard, which is a credit card everywhere else and say fill it up. To my surprise the rate was $2.609 a gallon when he handed me the fuel receipt.

I said, the indication states $2.449 a gallon. He notified me that was the cash rate. I stated it’s not published anywhere that the credit price is various, he said sorry have a good day. It was a stunning day out and my automobile only took 10 gallons so they took me for a cup of coffee in price.

The moral of the story is if you are not enjoying each penny that is invested in your fuel management, I can guarantee you that you are paying way too much for your diesel fuel.

We see this all of the time as we examine fuel transactions for our fuel management customers. The fleet fuel supervisor is usually just examining for things on the billing like what time did his chauffeur fuel or did the truck take the proper quantity of gallons compared to the distance it took a trip. Rarely the fuel supervisor has the time to examine diesel fuel prices.

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During a fuel analysis if you were comparing published diesel fuel costs to the price you paid or to OPIS or some other third celebration resource you would see that you are overpaying with that credit card you were using as your fleet card. I offered the attendant my fuel card which is a fuel card at truck stops and a MasterCard, which is a credit card all over else and say fill it up.

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