How To Save Money On Commercial Fuel

Buying fuel is currently the most expensive thing you can spend your business’ budget on. Prices are higher than ever, supply is low, and it’s hard to bounce the cost of your fuel needs against the entirety of your business operations.

But you’ve still got a lot of useful decisions to make here. So, if you’re a business owner in Nottingham, and you’re struggling with fuel oil prices right now, we’ve got some key advice for you. Check out the tips below to save money on your commercial fuel needs.

Research Regional Fuel Oil Prices

Within Nottingham, fuel prices are at an all-time high, and so is the use of your budget. But if you want to buy cheap fuel, you need to know what kind of cash flow you’re working with, alongside the current regional prices for fuel. Shop around comparison websites to get the basic details down on paper.

According to figures from the RAC, if you have a fleet of vehicles to man, it will currently cost you around 164.46 pence per litre. Per standard size engine, you may need to times this number by 15, and do this for every single vehicle you use.

As such, you may even be paying for the lowest rate as is, and it’s your overall budget usage that will show you how sustainable this price will continue to be. An amount like this could turn out to be far too expensive to operate for more than a couple of months.

Place Greater Control on Your Fleet

If you’ve got a fleet to man, you’ll need to know where every car, van, or lorry is heading off to and how long they’re supposed to take. You can do this by timing when drivers leave and recording when they come back, but you can also use various BlackBox technology to keep an eye on their stats as they travel.

If the driver in question takes a longer route, for example, it could be due to traffic within the area or a closed road for whatever reason. And if that driver comes back to the operating centre late, this knowledge is useful to have in hand. It means you know what’s going on, and there’s no doubt in your mind about your fuel usage.

Record Proper Breakdowns of Fuel Usage

Fuel usage can no longer be carried out without a watchful eye. The current prices mean you need to know where every drop of oil is going. So, if you want to use cheap heating oil to keep your office or factory warm and lit, you’ll need to consistently record all energy used.

This will help you to track where your fuel is going, in what amounts and when, and when and where you can cut back. If you’re able to turn the lights off an hour earlier, for example, this could save you a lot of money to be put back into the budget.

Oil and energy prices are at the heart of most decisions we’re all making at the moment. If you want a quick and useful chat with an expert, contact us today!