has launched a new service allowing businesses to put a cap on the
average price of diesel they buy.
The service, aimed at high fuel-volume fleets of vans and HGVs,
aims to help businesses to set and stay within their fuel
budgets.
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Denny Clenaghan, card development director at Arval, commented:
“We appreciate the pressure that volatile fuel prices put on fleets
and have designed this product which will deliver certainty while
still providing flexibility.”
For a fee, the capped price diesel service allows customers to
cap the maximum average price of diesel purchases over an agreed
period of at least twelve weeks with a minimum volume commitment of
diesel over the period. The company will launch the service this
month.
According to Arval, fuel represents the second highest expense
in owning a vehicle, at over 25% of total cost.
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By GlobalData
