How Can Companies Save on Fuel?
To prevent a significant dent in your company’s fuel outgoings, you should consider the following fuel saving tips:
Invest in Fuel Cards
Another excellent way to save on fuel is by investing in a company fuel card, which is solely used to pay for fuel and is a great way for companies to monitor fuel spend. Fuel providers typically send out weekly or monthly automated invoices with the details of each commercial vehicle, which helps businesses keep track of fuel spending.
UK Company fuel cards offer a wide range of perks, including lower fuel costs, as the majority of fuel card providers offer weekly fixed rates. This will enable you to benefit from excellent discounts at well-known and independent fuel stations across the UK and Europe.
When choosing a company fuel card, you should look for providers that offer access to a range of convenient fuel stations, including supermarket sites. To help you find the right fuel card for your company, you can compare some of the best fuel card providers by using iCompario’s free comparison tool. This will ensure that you find the perfect fuel card, which will help your business combat increased fuel costs.
Switch to Electric
One of the best ways to avoid rising fuel costs is to make the switch to electric vehicles, as this will help you save in the long run. Electric vehicles are more expensive to buy; however, you can save a significant amount on charging and maintenance, especially if you have a large fleet. You can also benefit from government grants which can be put towards your EV fees.
Switching to electric vehicles will not only save on fuel costs but will also significantly reduce your company’s carbon footprint, as electric vehicles produce far fewer carbon emissions than petrol or diesel vehicles.
Encourage and Monitor Driving Techniques
To keep costs down, you should educate and monitor your drivers on the best driving practices for maximum fuel efficiency. For instance, if the speed limit is over 50mph, then it is ok to use the air conditioning, however, if the driver’s speed is under 50, then they should open a window to prevent fuel waste. It would also help if you also encourage drivers to turn off the engine every time they exit the vehicle, as an idle engine uses up more fuel than restarting the engine.
Drivers should also keep an eye on the rev counter and avoid over or under-revving. This can be monitored with a high-quality telematics system that can showcase a driver’s performance. By keeping an eye on your drivers, you can significantly reduce your fuel costs by prioritising driving efficiency.