Saving money on business fuel can essentially be broken down into the following: how you use your fuel and where you get it from. In this article we share useful tips on how to save money on both fronts, including:
- Choosing vehicles
- Driving practices
- Fuel sources
- Fuel cards
Choose your vehicles wisely
As we all know, all vehicles are not created equal when it comes to fuel consumption and efficiency. These should be major priorities when selecting vehicles for the purposes of the business, as there are significant implications for ongoing costs.
Not only will less fuel-efficient vehicles mean spending more on petrol or diesel, they are also more likely to incur other costs during their lifetime. Think about taxes or congestion fees, as environmental laws and low emissions regulations continue to develop.
Drivers and companies can reduce consumption by implementing fuel-efficient driving. Here are some key practices that can make a real difference to fuel spending over time.
Driving Tips for Reduced Fuel Consumption
Reduce sharp braking and acceleration in order to cut down on fuel consumption. Instead, keep reactions early and gradual, maintaining safe distances to keep driving smoother overall.
Turning the engine off when the vehicle is stationary may seem like a small thing, but in the context of multiple journeys over days, weeks or months, it adds up to gallons of wasted fuel.
Plan Routes Efficiently
Logistics and delivery firms will be familiar with this already, but all businesses can benefit from intelligent journey planning, to ensure travelling times and distances are minimised for optimal efficiency.
Slower, smoother driving saves costs by reducing fuel consumption associated with acceleration and high speeds. Even small reductions in speed can have a big impact on fuel usage.
Ensure Regular Maintenance
Keeping vehicles well maintained is crucial to maximising fuel efficiency. Under inflated tyres mean the engine has to work harder to move the vehicle, consuming more fuel in the process. Air and oil filters need to be regularly replaced, as optimally functioning engines are far more efficient.
Get your fuel from the best-value places
Shopping around for fuel is important for businesses. Regularly going to the most economical sources means spending significantly less on petrol or diesel over time. Supermarket petrol stations offer low-cost fuel, with prices coming under the national average by as much as three or more pence.
fuelGenie offers a way of directing drivers to these petrol filling stations, by partnering with Tesco, Morrisons and Sainsbury’s. Companies who sign up receive fuel cards which they can issue to any employees who drive in the course of their employment. These cards are then presented as payment at the till, with the company charged for the amount later.
fuelGenie customers enjoy the following benefits:
- Savings of 3p+/litre by directing drivers to low-cost supermarket petrol stations*
- Free to own and use
- 24/7 online dashboard for easy management and admin
- HMRC-approved invoices for easy VAT reclaim
- Competitive credit facility with no minimum spend
- Unlimited number of free fuel cards
- Drivers can also gain personal reward points using supermarket loyalty cards