UKWA strikes deal on fuel prices
February 1st 2011 The UKWA has teamed up with independent fuel card supplier Forecourt Fuels to offer a range of Fuel Card products with a price guarantee linked to both Platts rates and national average pump prices.
Under the scheme, offered to UKWA members, Forecourt Fuels guarantees to save the account holder a minimum of 2.50 pence per litre net (3 pence per litre gross) against the overall retail national average on every litre of Diesel purchased from participating sites for a minimum period of 12 Months.
A fuel card looks and works in a similar way to a credit card but with a few fundamental differences. First, it is usually restricted to only allow the purchase of diesel/fuel (though some cards can be set up to allow purchases of non fuel related items if required).
Secondly, when it is used to make a purchase, both the vehicle registration (compulsory) and mileage (optional) are recorded against the respective transactions. Finally, the fuel card invoice also doubles up as a fuel management report, showing date/time/place of each sale, registration number (and mileage if required) of the vehicle collecting the fuel and of course how much was drawn. It will also then go on to separate the VAT element of all transactions.
UKWA’s membership services manager, Michael Davison, said: “Fuel is at the centre of operating expenses for almost all haulage companies and businesses are analysing their fuel expenditure more closely than ever.” More articles from United Kingdom Warehouse Association: | 
