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Pump Prices Face Potential Increase

Pump Prices Face Potential Increase

A spokesman for Arval, a transport leasing company with over 157,000 separate vehicles at its disposal, has noted that fleet drivers and managers will need to be more and more aware of the rising costs of travel along the motorways due to the consistent rise in oil prices over the years. With the price of an oil barrel having effectively doubled from January 2016 to this current month, Mike Waters emphasizes that fleet drivers and their managers will need to be particularly vigilant in their consumption of oil. Waters reports that in Britain alone the price of crude oil has gone up to around 16ppl as compared to the previous year, clearly signaling the drastic impact this is undoubtedly going to have on vehicle fleets as well as individual drivers. Mister Waters clearly advocates and encourages the use of fuel cards so that motorists are fully aware of how much fuel they are using. The use of these fuel cards would help fleets to keep track of the amount of fuel they are using, so that managers can collate this data to find new ways to save money on fleet transport costs, which are very likely to soar what with the increasing cost of oil and the highly potential escalation of pump prices. He also urges fleets to use the vehicles at their disposal wisely and never to use a vehicle that might waste the amount of fuel pumped into it, so as to keep a lid on the overall expenses of their travels. On the other hand, Mister Waters concludes his remarks with a positive notion that with the increase of fuel costs, fleets and their managers will look to different ways of fueling their vehicles. He hints that the rise in crude oil costs will encourage these fleets to look to more renewable and eco-friendly sources of energy that are not only economically promising but also to safeguard the future of the planet.

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