abbey Fuelcards is reassuring its member-customers that it is dedicated to protect them as much as possible from the worst consequences of current fuel price trends.
This is against the background yet again of the oil market experiencing extreme volatility – mainly attributed to issues currently affecting two major oil producing countries: international tensions over Iran’s nuclear ambitions; and internal disruption in Nigeria. Prices of crude have recently surged to new record highs – and all consumers face an uncertain future in terms of fuel costs.
abbey emphasises that, by buying fuel carefully and in bulk, it is able to offer its customers the best possible price at any given time – and one that applies nationwide for 7 days, whatever the actual price shown on the pumps where abbey cardholders refuel. This usually means significant fuel cost savings for abbey members, and automatically protects them from any risk of individual fuel site ‘profiteering’ or slow reactions to easing market rates.
The benefits of abbey Fuelcard membership will also be seen when the market does stabilise and prices drop back from their peak. This is because abbey customers will not face the same time lag as other users for fuel prices to reflect an easing situation.
abbey’s Customer Services and Marketing Manager, Steve Clarke, explains:' Service stations take in supplies that can last up to 3-4 weeks – and so their pump prices can remain high even after bulk prices start to fall, because they’re using up the old stock. With abbey, we’re better placed to pass on the benefits of the price drop immediately – so our customers see this reflected in their next weekly fuel price quotation.'