Fuel costs are estimated to be the second largest expense in a fleet’s budget. Thus, the priority to institute fuel saving is not new but with the Russia-Ukraine conflict and expectations that fuel prices may soar to R30 to R45/litre, even more importance is placed on reducing fuel spend as much as possible now.
Collecting and analysing data, involving drivers and using analytics are the go-to ways to spur change. The CEO of MasterDrive, Eugene Herbert, explains further: “In a world vastly different to the one that existed when fuel saving strategies first started, an updated approach is needed. Not only are corporate objectives important but also environmental and societal considerations.”
Fleet fuel-saving strategies should include the following policies to meet all three of the above objectives:
As fuel price soars and remain one of the biggest expenses, fleet managers need to do whatever necessary to institute fuel savings. “Now more than ever, training initiatives like the Eco-Driving program, available from MasterDrive, for fleet owners is a ‘must have’ unlike previously where it was perceived as a ‘nice to have,’” says Herbert.