Fleet operators: not alert to fuel card benefits
Van fleet operators with over 25 vehicles out on controlling fuel spend
THE majority of SME fleets running over 25 company vans or cars seem to have got the message about fuel cards: they’re a useful addition to the business.
However, what about those SME businesses that don’t? That’s exactly what research by MIB Data Solutions has unearthed: 40% of fleets with more than 25 cars and vans are not using fuel cards.
The researches asked 616 companies how they acquired fuel – this is how they responded (results do not total 100% because some use more than one method of purchasing):
- Fuel card 60%
- Driver pay and reclaim 18%
- Bunkered fuel 17%
- Credit card 11%
- Local account 4%
Nick Boddington, managing director, said: “While prices have fallen slightly in recent months, fuel has been the fastest rising cost facing fleets in recent years, so the lack of managerial attention the subject receives from some fleets is difficult to explain.
“Those using fuel cards have the highest degree of control over their fuel spend while those with bunkered fuel and local accounts have at least some – but that still leaves around one in four or one in five fleets who abdicate responsibility completely.
“Fleets using credit cards or pay-and-reclaim have no way of easily seeing where fuel is being bought, how much drivers are paying, who is using excess fuel and even whether fraud is occurring.”
Boddington added that, from anecdotal feedback recorded during the research, fleets that did not use fuel cards simply appeared unaware of their advantages.
He said: “Many seem to be of the opinion that fuel costs are not something that can really be managed, that you just have to pay whatever the retailer wants to charge you. However, once the advantages of fuel cards in terms of tracking and controlling spending are explained, they do often respond positively.”
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