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News and Updates from CVSL

Fuel prices continue to fall

Petrol and diesel prices in the UK have dropped to their lowest in five years, as supermarkets have been engaged in a fuel-price war.

Over the weekend, a petrol station in Birmingham became the first in the UK to sell petrol for under £1 per litre.

In response, Tesco, Asda, Sainsbury’s and Morrisons all announced that they were shaving 2p a litre off their petrol and diesel prices.

Tesco were first to strike in the price cutting wars, with its cut to 103.9p a litre for petrol coming into force on Monday afternoon.

The three other supermarkets followed suit from Tuesday, with Asda introducing a national cap of 103.9p per litre for unleaded or 110.7p per litre for diesel at any of its forecourts.

Consequently, fleet managers now have a real opportunity to make some significant savings to their fleet’s operating costs.

Steve Black, CVSL Marketing Manager, comments: “This is great news for fleet managers up and down the country, but they need to remain on the ball. With a bit of research they can find the best prices available locally and use fuel cards to make additional savings.”

“2p a litre may not sound like a massive discount, but for a fleet of 100 cars with an average tank size of 50 litres filling up each car once per week could equate to a saving of £100 – which is over £5000 per annum. And that’s in addition to the savings that they have already benefited from with the recent price drops.”

“Our personal-use customers can also benefit. Sign up for fuel alerts online and pay close attention to any that offer loyalty points schemes, leading to further savings.”