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Despite A 1p Cut In Fuel Duty We Still Pay Through The Nose

Fuel around the world is experiencing record highs. Here in the UK we have had a 1p cut in fuel duty which was welcomed by many businesses, but it appears this cut in fuel duty may make little if any difference to the price we pay for diesel and petrol at the pump.

With problems in Libya the price of oil is going to rise anyway. Some may say that the 1p cut will help, but it is not going to be the overall solution to the problem of rising fuel prices.

The oil companies of the North Sea think that increasing the supplementary charge they have to pay as a replacement for duty increases will hinder their oil exploration and hinder the oil and gas industry in the UK.

To cut your fuel bills you may need to look for solutions closer to home. Fuel cards can help to save you money on fuel, but you need to make sure you keep on top of the price you are being charged by your fuel card company. Be prepared to swap fuel cards on a frequent basis to make sure you are getting the best deal.

Often fuel card companies will give you a favourable deal to start with, but then will increase the price per litre over a period of time. Don’t be afraid to pull them up on this and show them that you can get a better price with another company for the same fuel card. Overall keep a close eye on the price they set each week.

Also fill up at Asda petrol stations when you can. These tend to be the cheapest petrol stations around and beat most of their competitor’s prices.

One of the best ways to cut your fuel costs is to cut down on wasted fuel. As we have said many times before here at VehicleTrackingSystems.org.uk, vehicle tracking is a good way to do this. Most businesses who have vehicle tracking find they save between 5% – 15% on their fuel. This is not to mention all the other monetary and logistical benefits that tracking gives you and your business.

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