Fuel Price Rises Hit Fleets
Global vehicle fleets have seen their fuel bills rise by as much as a third in the last year according to research by international leasing company Masterlease, which manages around 210,000 vehicles across Europe. With vehicle manufacturers’ continuous improvements in fuel efficiency now being swamped by escalating fuel prices, global businesses have to face the reality of increasing costs to their fleet management.
While average diesel prices have soared by a third in the last year, the story is not quite as grim for unleaded petrol – although globally it has still increased on average by 18 per cent since 2007.