Fuel. This is how your business can save big money

Fuel costs are one of the biggest items of expenditure in many Norwegian companies, especially in construction, craft, transport and service. At the same time, this is an area few have a complete overview of.

Why Fuel Costs More Than You Think

Without good deals and routines, fuel becomes a hidden cost. Many businesses pay a little here and there, at various stations and cards, without knowing exactly what they're paying per gallon.
Even small price differences can amount to large amounts. A difference of 1 penny per litre can mean tens of thousands of kronor saved a year, just by having the right deals.

Common Challenges:

  • Unpredictable prices and difficult budgeting

  • Lots of cards and receipts with no overall record

  • Little bargaining power against big suppliers
  • Time-consuming management of car costs

How to get fuel costs under control

1. Get the right deal

A good fuel deal provides per-gallon discounts, easier billing and access to nationwide station networks. As a member of the Purchasing Group, you get big customer discounts without having to negotiate yourself.

2. Collect the purchases

The fewer suppliers, the better the prices and overview. Using fixed stations and fuel cards, you can easily track the consumption per car or project.

3. Use fuel cards and reporting

With fuel cards, all purchases are collected on one invoice. You see who fills, where and when, and get better control over consumption and unnecessary spending.

4. Set routines

Make clear guidelines for filling and using cards. Small actions, such as avoiding “emergency filling” at the guide price -- can yield big savings over time.

5. Follow up goals

Through regular reports, you get an overview of fuel costs, see if the agreements are working and can document the results for management and board.

The result:

  • Lower price per litre

  • Better overview and less management

  • Predictable economy and increased profitability