There’s no doubt that 2022 has been a challenging year for fleet businesses where we got to see the interest rates plunge twice in three months, inflation has gotten high, up to 7% and energy costs up to 25%. All this is a result of coping with the pandemic.
Even in these situations, some business has eroded in profits whereas, in some areas, significant changes have been made in strategies just to break even. Businesses are looking to analyse how to save as much as possible.
Therefore, creating efficiencies within fleet management might help gain traction to fight any potential barriers in the near future.
Managing fuel expences
The Office for National Statistics (ONS) has reported the highest petrol price of 12.6 pence per litre between February to March, becoming the largest monthly since the records began in 1990 in the UK. Skyrocketing rates in current fuel prices mean the running and maintenance costs will be more expensive than before.
However, there are still some methods through which the fleet businesses (having many fleets or a couple) can justify and facilitate these costs. Enforcing the right software with intelligent strategies can be a priority when it comes to fleet management.
Therefore, a relatively ongoing concept that is endorsed across the industry called ‘eco-driving‘ can now be seen undergone as the name ‘eco-driving’ is evidence to cut carbon emissions (one of the company’s long-faced challenges) to cut down company costs estimated anywhere up to 25%.
What is Eco-driving?
So what is eco-driving, and how fleet managers should utilise it?
Eco-driving defines the measures taken before getting into the driver’s seat: dedicating time to undertake regular checkups. Underinflated tyres can supplement rolling resistance, gulping up to 5% more fuel than usual.
Fleet owners should also be suggested to check any unnecessary carriers that indirectly lead to higher energy consumption.
Better practice your driving habits
The significant savings from eco-driving come when the driver operates on the road. A good driving habit with a steady speed maintained throughout the journey limits the unnecessary fuel loss whilst keeping a safe distance between the vehicles around to avoid any harsh braking is the answer.
The gear should be changed to around 2,500 rpm for petrol and 2,000 rpm for diesel. Using an engine optimally can reduce fuel consumption by 4.3%
There are also a few ways to keep fuel costs in check:
Acquiring a fuel card
Getting a prioritised fuel card can help limit all the expenses of fuel purchased together with other units. You can also get fuel card stats that can be easily accessed online. You can study your monthly fuel expenses and observe any unwanted spikes in fuel purchases that are used unnecessarily.
If you are in a situation of choosing the fuel card for your business, here’s a short guide to read before choosing the right fuel card.
Also, a fleet manager’s crucial responsibility is to warn drivers about excessive idling. Leaving the vehicle while the engine is on and running errands can cost a lot of unwanted fuel consumption.
It would be best if you always made a habit of passing strict warnings to all your fleet drivers against parking in high temperatures and idling for no reason.
To calculate how much a journey will cost in fuel, the estimated MPG for your vehicle, and your petrol price in pence, you can use our fuel calculator by providing basic information.