Transparent Fuel Prices
Posted on the 22nd Aug 2014 in the category Fuel News
According to the AA motorists in the UK have seen a fuel price fall of 2.7% this summer and over the last few weeks, BWOC diesel prices have been at their lowest level for 2014.
The AA have revealed that petrol prices at the pumps had fallen to to a three-year low with an average price of 129.72ppl in mid-August and diesel averaged at 133.94ppl, the lowest since February 2011.
In Northern Ireland the average is currently 130.6ppl for petrol, the most expensive in the country, whereas Yorkshire and Humberside are the cheapest for petrol at an average of 129.4ppl.
At the moment, East Anglia are averaging 134.5ppl for diesel, knocking Scotland off their usual spot as the UK's most expensive.
One way to combat unpredictable & varying fuel prices is with a BWOC fixed priced fuel card. You get a fixed cost per week, given in advance & you pay the same price at every site on the network, regardless of what the polesign states! Having this level of convenience also saves you precious time on admin & chasing down receipts.
With no minimum term contract or drawing commitment, what have you got to lose?
For more information go to the fuel card page & compare which card is right for your business!
Fuel duty scrapped 2012 update
Posted on the 6th Dec 2012 in the category Fuel News
Both companies and consumers will benefit from the Chancellor's decision to scrap the planned increase in fuel duty.
During his Autumn statement, Chancellor George Osborne announced to parliament that the 3.02 pence per litre fuel duty increase, due to take effect on 1st January 2013, will be cancelled and the increase that was planned for 1st April 2013 will be deferred until 1st September 2013.
Such a move could see the typical driver save £40 a year and hauliers £1,200 a year. Confused.com insurance boffin, Gareth Kloet, added "it is a relief for all motorists, including those who rely on the roads to keep their businesses up and running".
In the financial year 2011-12, £26.8bn was received from fuel duty by the Treasury, which was a decline in revenue from the previous year where it peaked at £27.26bn. Since the duty peak, 527 million fewer litres of petrol and diesel were sold, as individuals and companies chose to economise, according to Edmund King, president of the Automobile Association.
"The tax take from fuel duty is pretty healthy and would be even better were it not for record fuel prices," he said.
"Arguably, the government would rake in more revenue if it tackled the causes of stubbornly-high fuel prices in the UK, allowing cash-tight businesses, lower-income families and the 28% who restrict their spend on fuel.
Fuel duty has not increased since January 2011, when a 0.76p per litre was imposed and it was then cut by 1p in March 2011 and ever since planned increases have been postponed repeatedly, before finally being scrapped altogether.
George Osborne stated "Under this government we'll have had no increase in petrol taxes for nearly two and a half years - in fact they have been cut,"
"Fuel is 10p per litre cheaper than it would have been if we had stuck to the Labour tax plans and I want to keep it that way."
Fuel duty increases since 2001:
Source: RAC Foundation
2012 Budget - Osborne Confirms rise in fuel duty!
Posted on the 23rd Mar 2012 in the category Fuel News
Chancellor George Osborne confirmed that fuel duty will increase by 3.02 pence per litre in August as
In a move to appease budget stricken drivers, he also said he would increase vehicle excise duty by inflation only and it would be frozen for hauliers.
But with already record prices at the pumps and the impending 3ppl duty increase, all businesses relying on transport will be hard hit over the coming months.
So now is the time to look at fixing your price in advance in order to budget your fuel spend more effectively and with a BWOC Fuel Card, you can do just that.
Add other 'free of charge' benefits such as no minimum spend, MPG reports, online account access and a network of over 2,000 leading branded sites to include motorway service stations and supermarkets; with a BWOC fuel card you can take controlling your fuel spend back from the Government.
As a responsible fuel supplier, using a BWOC fuel card will also help capture 10% of the CO2 you produce as a business, free of charge.
At BWOC we offer a range of fuel card services which are designed to offer you the convenience of cashless refuelling and more. Giving you a fixed national weekly price in advance, reducing your exposure to daily pump price increases and enabling you to budget your fleets fuel costs.
For more information on our fuel card services or if you would like to discuss the possibility of fixing your weekly fuel price please do not hesitate to get in contact with a member of BWOC card sales team on 01922 897160.
Ever wondered if a fuel card could save you time or money?
Posted on the 17th Feb 2012 in the category Fuel News
For many of us, keeping an eye on a monthly budget is essential. Builders, electricians, architects, contractors, developers and project managers all share one thing in common, the need to keep a close eye on out going costs.
All expenses have to be monitored, controlled and kept to the ultimate minimum. Managing a company’s outgoings has never been an easy task, but can be straightforward if you have the correct knowledge when it comes to your suppliers and are aware of the services available to you, allowing you to shop around and guaranteeing you’re getting the best deal.
Having a wide variety of choices can be just as frustrating or maybe knowing that you could have found a cheaper alternative, or purchased it for half the price just around the corner.
Purchasing a product for a fantastic price can be extremely satisfying however whilst making sure that you do not waste unnecessary time searching for the best offer, as this could have an on-going effect on potential savings. A perfect example of this is Fuel.
Driving in an unknown area and looking for the next place to fuel? The first forecourt you see may not be the cheapest locally but by this point you have no option of a better deal. Imagine if that happened to every driver within your fleet? The difference in cost would soon start to add up.
The ‘icing on the cake’ would be if you could fill the tank at a discounted rate while delaying paying for it, with an interest free credit period.
As a leading independent agent of nationwide fuel cards for over 10 years BWOC are able to offer a range of fuel card services which are designed to offer you the convenience of cashless refuelling. Along with the convenience of cashless refuelling, enhanced security features and management reporting in a variety of formats is available with this service.
With access to the largest HGV/LCV networks in the UK, unfamiliar forecourt prices can be a thing of the past with fixed in advance weekly fuel prices.
At BWOC, we are happy to tailor a fuel card package to suit your business needs, for more information on what we can offer you please get in contact with our consultants on 01922 438687.
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