Diesel fuel represents a large percentage of the operational expenses of a trucking company. Any savings in this category shall generate considerable improvements to your bottom line. Using fuel cards would be one of the best ways to optimize savings and efficiency in fuel purchases. 

Today, many fuel cards are available that are well-suited for trucking fuel purchases. They come with extended payment terms, cost control measures, and more savings than typical credit cards and can be used to buy diesel from any BPCL, HPCL, or IOCL outlet across India.

How do fuel cards differ from credit cards?

Cost control features and savings on fuel expenses are two key aspects that differentiate fuel cards from typical credit cards. Fuel cards are payment systems specifically designed for the purchase of diesel. Through them, you can enjoy valuable cashback on fuel purchases. Over the long term, these cashback opportunities can result in significant cost savings for a trucking company. Some fuel cards may even have features for monitoring transactions and controlling expenses. 

Unlike fuel cards, credit cards can be used to pay for all types of goods and services. These cards are unlikely to provide any fuel-specific discounts. Basically, fuel cards serve a more specific purpose than credit cards, which includes maximising the purchasing power of your company and delivering more expense control when purchasing fuel.

Cash Flow

Fuel is among the biggest expenses in the trucking industry. While large fleets are likely to have contingencies in place to manage fuel costs and inflated prices, many small fleet owner-operators struggle to maintain a stable cash flow to keep the business going. The best fuel cards for truckers usually have long repayment periods and affordable interest rates. Hence, they provide truck fleet owner-operators with much-needed respite and support to keep their business afloat. 

Convenience

Fuel cards provide increased convenience to truckers. As your company switches to fuel cards, your truck drivers would no longer have to carry large amounts of cash on the road to refuel, making them less vulnerable to theft. Fuel cards also reduce administrative expenses incurred because of reimbursements made to drivers for using personal credit cards for official purposes.

Fuel cards provide significant benefits to both trucking companies and their staff.