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Fuel Card Blog Updates – Tough times ahead for fleet businesses

BBC Panorama’s investigation into ’The Great British Fuel Robbery’ on Monday night strongly highlighted the plight of fleet business across the UK who are struggling with ever-rising fuel costs.

Disturbingly, a recent survey showed that last year 75 percent of business that declared insolvency during 2010/2011 cited fuel costs as the main reason. With fuel costs and taxes set to rise, this will surely only get worse.

The Fuelcard Company reported last month that, with fuel prices and taxes constantly rising, businesses are being forced to turn down work which results in the running of fewer fleets who are in turn employing less people.

Panorama suggested businesses are being forced to question their morality and weigh up keeping their business afloat against the implications of sourcing cheap, and mostly illegal, fuel.

The Fuelcard Company is reminding its customers about the legalities of using contraband fuel.  Red dye is for use only by farmers and building contractors for off-road vehicles. HM Customs has the right to stop and search any vehicle with those caught illegally using Red diesel liable for an on the spot £500 fine and possible confiscation of the vehicle.

Businesses, surely it’s not worth the risk?
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