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Does the internal combustion engine run on liquid petroleum or banknotes? One could be forgiven for forgetting this sometimes, especially the finance manager at a transport company which uses high volumes of diesel. Anyone in that position will have undoubtedly looked at diesel fuel cards before; they might already be using them. But if you’re investigating diesel fuel cards for the first time, or are looking to switch provider, it’s imperative that you look at a good few options before settling on one.
The difference between the perfect fuel card for your business and one which just wasted a few hours of your time can come down to a point which at first glance seemed insignificant.
Diesel Fuel Cards: Bunker Up
A provider of diesel fuel cards buys diesel fuel in bulk at wholesale prices and ‘bunkers’ it at various sites around the UK. This enables them to offer diesel to its customers at prices below those you’ll find on the garage forecourt. Each driver or vehicle in the customer’s company is allocated a chip and PIN card which they can use to pay for fuel at the provider’s sites. The client company will either pay up front for this fuel or on a pay-as-you-go basis with a set time in which payment must be made.
Diesel cards can offer numerous benefits to a company:
- Fuel prices are lower and fixed weekly
- Drivers don’t have to carry cash
- Drivers don’t have to be reimbursed, saving on paperwork
- Drivers don’t have to keep VAT receipts – a single VAT approved invoice is sent each month
- Extra security measures help combat fraud and theft
- Fleet management reports to help you analyse fuel efficiency
- Online management to stop cards and set limits to amount of fuel bought, number of refills in a given period or geographical area
- Pay road tolls with cards
- Interest free credit period to aid cash-flow
Diesel Fuel Cards: The Nitty-Gritty
Many of these features are common to all diesel fuel cards. It’s where they differ that the battle is lost and won. When comparing providers you’ll want to check that there are no set-up fees, standing charges or charges for replacement cards. Will the card be accepted at off-network sites? If so, you’ll certainly be paying at-the-pump prices but is there any additional surcharge for doing this? How long do you get to pay and will this have a positive effect on your cash flow situation? Do you use your vehicles abroad? If so, are there any European or international sites on the supplier’s network?
Compare quotes from as many providers as possible and you’ll greatly increase the chances of making savings from diesel fuel cards.
Get Quotes for Diesel Fuel Cards
Approved Fuel Cards provides a fast and free method for comparing leading Diesel Fuel Cards suppliers based in the UK.
Just fill out our simple enquiry form to receive up to 4 no-obligation quotes for Diesel Fuel Cards.
Get Quotes for Diesel Fuel Cards
