Fleets should continue to focus on overall fuel costs and improving efficiency where possible and treat the price of fuel going down as a bonus when it does, Arval has claimed.
The firm said that effective fuel management processes shouldn’t depend on monitoring fuel prices as there are bigger gains to be made than buying fuel at the right time.
Arval said a key element of a suitable fuel management programme is to pick vehicles that are fuel-efficient with them being maintained in a way that they can achieve the best results.
The company added that fuel spend data – from a fuel card – can also be lead to reductions in the overall fuel costs, as managers will be able to identify which drivers and vehicles are performing well.
“Some fleets take a very proactive approach to fuel management, whatever the cost of fuel, by utilising their fuel data and monitoring the performance of all drivers against the manufacturer published consumption figures. This allows them to provide guidance to drivers that are performing outside of an acceptable range and shows drivers that this important cost is monitored,” saidJon Friedenthal, a consultant for Arval in the UK.
He added that fuel cards have added benefits, as managers will be able to guide drivers towards cheaper fuel sites in the long run.
Friedenthal added: “A fuel card will let you concentrate your spend at outlets that you know to be cheaper or at which you have some kind of discount or rebate scheme in place. In this way, when pump prices are falling, a fuel card allows you to take maximum advantage but it needs to be underlined that this should only be one element of a fuel strategy. By following the fundamentals, you’ll ensure that you are doing everything to minimise your fuel spend whatever is happening to prices at the pump.”