In the last 10 years, daily fuel price fluctuations have increased by over 100% - usually in an upwards direction. In 2000, the average daily price movement for diesel was 0.20 pence per litre (ppl). By 2005, this figure had risen to 0.40ppl and by 2010, prices were moving by up to 1.90ppl per day.
With economic recovery, comes an inevitable growth in demand for oil products and the voracious appetite of the Eastern economies (China, South-East Asia, India) is putting pressure on oil prices, never experienced before. Many market observers predict rises in energy costs, punctuated by periodic crashes in the market as alternative energies and government policy temper demand. In short a perfect storm of fuel price volatility.
Such volatility causes operational nightmares for commercial users of diesel, petrol, gasoil, fuel oil, LPG and Jet A1. Budgets become impossible to plan, the best prepared sales contracts are destroyed and companies spend more time debating fuel costs than they do promoting their own business products and services.
Portland Fuel Price Protection can help. We are your guardian angel against the vagaries of the fuel market. Simple solutions are available to businesses of all sizes that not only keep a lid on fuel costs, but can also provide a market advantage