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Climbing Fuel Prices Cripple UK Industries: How you can minimise the impact on your business
Fuel has always been a valuable resource, and one that accounts for a big portion of industry costs.
With prices reaching record highs, it’s now even more valuable. While we can’t change the world events that are causing these price hikes or persuade the government to reduce fuel taxes, we’ve still got some suggestions to help lessen the impact on your business.
1 Buy in Bulk
Like many other things we buy, the individual cost per unit of fuel is often less if you buy in bulk. You’ll also save money on delivery charges by condensing your fuel requirements into a larger, single delivery.
These savings are good for your bottom line, but you could also pass them on to your customers. In times when we’re all being hit by multiple prices rises, customers are shopping around for cheaper deals or may look for a new supplier if you increase your prices.
Buying in bulk undoubtedly saves you money, but remember that it also saves you the time of having to oversee multiple deliveries or source your own fuel from various suppliers. Making regular bulk orders gives you peace of mind that fuel tanks aren’t going to run dry and leave you with the headache of unforeseen downtime.
Buying fuel in bigger quantities means a rethink of how you store your fuel. If you’re going to need bigger storage tanks, now is the perfect time to invest. Take a look at our range of fuel storage tanks. Our standard range capacity goes up to 20,000 litres, if you want to go even bigger, we can provide bespoke tanks up to a capacity of 100,000 litres.
2 Look after your Fuel
Failing to look after the fuel you buy can be as wasteful as pouring money down the drain. Fuel needs to be stored correctly and in optimum conditions to avoid contamination. It’s also vital to make sure that your storage tanks aren’t vulnerable to fuel thieves.
Eliminate Fuel Contamination – Stamp Out Diesel Bug
‘Diesel bug’ is the collective name for contaminants such as bacteria, fungi, viruses and types of yeast that can grow in your fuel storage tank when water is able to enter and form a layer on top of your fuel. This is more common in very high or very low temperatures, but can be a year-round problem in poor-quality tanks.
Contaminated diesel damages tanks further and can cause engine problems and even complete mechanical failures. If fuel is contaminated, it must be filtered and cleaned. Badly contaminated fuel may need to be disposed of – precious money down the drain!
You can prevent the build up of diesel bugs by using high-quality fuel storage tanks such as those in our StoraFUEL and PortaFUEL range. These tanks seal tightly to prevent water and microbial organisms from getting into your diesel.
We supply fuel recirculation units to keep fuel from becoming stagnant, especially in tanks where fuel may be left in storage for some time due to lower usage. You can also use a fuel tank water absorber to help ‘mop up’ water caused by condensation in your fuel storage tanks before diesel bugs can start to grow.
Stop Fuel Theft
Fuel theft is on the increase across the UK, in part due to rising costs and changes to the laws around rebated fuel. The cost of fuel lost to theft can be devastating to businesses, that’s why it’s so important to run a security audit on your fuel storage tanks from time to time. By identifying potential risks, you can take simple steps to ramp up security and discourage thieves.
Is your tank sited where it’s visible overnight, or is it hidden away in the shadows? CCTV may be worth considering, along with security lights, to put off opportunist thieves looking to steal your fuel by cover of darkness!
Also consider accessories like lockable tank lids. They’re a small investment that could save you the price of a full tank of fuel.
But, fuel theft isn’t always carried out by criminals outside of your business. Sadly, fuel is sometimes lost to employee theft. To prevent this kind of loss, consider a fuel management system to monitor who is using your fuel and what they are using it for:
3 Install a Fuel Management System
Inefficient fuel usage is costly and there are always savings to be made… but manually identifying where these savings may be is time-consuming and complicated.
By closely monitoring your fuel usage, down to individual vehicles or employees, you can make changes and implement robust strategies to maximise fuel efficiency across your business. Whether fuel wastage is caused by ineffective use or employee theft, a fuel management system can pinpoint the problem and save you money.
Full systems can be retro-fitted to your existing tanks and pumps, giving you immediate access to real-time data about fuel usage and stock levels across multiple sites and users.
If you’d like to talk to a member of the Atlantis Tanks team about any of the products or ideas we’ve mentioned, just give us a call. We’re always happy to help. Remember, we don’t just sell tanks – we provide solutions!