Business

Smoothing the bumpy ride of petrol prices with fixed pricing

05/03/2015 - Fuels

Smoothing the bumpy ride of petrol prices with fixed pricing

Something that is proving popular with our large customers is the ability to manage the volatility of fuel prices in much the same way we do.

We can offer high volume customers the ability to fix their fuel price for a period of time for a set volume, which means that when they’re negotiating a contract for their business they can have certainty around this aspect of their quote.

While banks do offer this service, customers are telling us that it is much easier to deal with the organisation that actually invoices them for their fuel. The feedback is that it is much easier to deal with Z.

The fixed-price offering is available to all high volume customers. It can be particularly beneficial for customers completing a project or for those involved in construction – locking in prices means that their contracts are protected from decreases and increases in fuel prices and they know what they will be charged per month, every month.

All of our customers who fix their fuel price only fix a portion of their volume (like splitting a mortgage to fixed and floating). For example a customer may fix 3m litres of a 7m litre volume.

One of our large commercial customers has said the reason they take the fixed price offering with Z is the easy implementation and lower administrative burden compared to other options like banks.

You can find out more about fixing your fuel price by contacting your Z relationship manager.

 


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