There has been a substantial hike in fuel prices in South Africa this month. The Automobile Association (AA) said that unaudited month-end fuel price data released by the Central Energy Fund confirmed earlier suspicions that stronger international fuel prices and a weakening rand has resulted in an increase in fuel prices.
What’s the prognosis?
Petrol users have faced an increase of 61 cents per litre at the pump this month. Diesel is also 46 cents more expensive. And the cost of illuminating paraffin has increased by 50 cents. And there’s no good news for now: "If oil continues to climb, South Africans should expect further pain at the pumps in the upcoming months," added the AA. For now, it looks like the Rand will continue to weaken against the Dollar and, with a global increase in oil prices, this means local fuel prices will continue to climb in coming months.
What can you do?
Filling your fleet before the fuel price increase might help you save money. If you think of the amount you will save a litre multiplied by the number of litres you will be buying, multiplied by the number of vehicles in your fleet, it could result in savings of a few thousand rands. But you might save more money by looking at longer-term strategies such as procuring the right vehicles, being vigilant about maintenance, ensuring your tyres are properly inflated and wheels are aligned, and monitoring driver behaviour.
Outsourcing fleet management will help you to stay on top of these strategies and save you money on fuel. We have solutions to help customers with everything from vehicle acquisition to maintenance and making provisions for accidents. The solutions are adaptable and can change according to the individual needs of each fleet company. For more information about our fleet solutions click here.
Our fuel management solution
With the rise in fuel prices, it is more important than ever to save money for your fleet. Using our Intelligent Fuel Management Solution, you can achieve measurable savings on your monthly fuel spend. With Avis Fleet’s Intelligent Fuel Management Solution, all the various sources of fuel data can be measured and presented to Fleet Managers regularly. This includes fuel consumption calculations and alerts on the fuel usage of each vehicle in the fleet will draw attention to any suspicious activity and highlight possible fraud. This solution has saved customers millions of rands on their fuel bill. Avis Fleet has a range of solutions as part of our fleet management services. For more information about our Intelligent Fuel Management solution click here.