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  • Oil Price and Strengthening of the USD – Globaltrack Will Help Curve Fuel Costs
 

Oil Price and Strengthening of the USD – Globaltrack Will Help Curve Fuel Costs

Globaltrack
Friday, 15 June 2018 / Published in News

Oil Price and Strengthening of the USD – Globaltrack Will Help Curve Fuel Costs

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Reduce high fuel prices with our ‘3 x 3 guarantee’; where we can save you on average 20 to 40 liters per trip, per truck.

The price of oil is expected to rise due to the high demand and high-risk of potential supply losses from Venezuela and Iran. This is according to a report from the International Energy Agency (IEA). Furthermore, the IEA predicts that the demand for oil is expected to rise even further in 2019 with help from the petrochemical sector.

Besides the rising oil prices, the Dollar is stronger because the US Government increased the repo rate. This attracts investors to investing in the US market, because it poses a lower investment risk.  As the Dollar strengthens, the Rand weakens because South Africa’s inflation rate is higher than America’s inflation rate. With the Dollar strengthening, the price of oil becomes more expensive for us, leading to fuel hikes.

Even though the fuel price is expected to increase further, we can save you thousands of Rands or Dollars on fuel per month. How do we do this? Through our Fuel Management Solution that guarantees low risk and high reward.  We call it our ‘3 x 3 guarantee’, where we will save you at least three times the amount that you pay to us in the first three months of the contract.  Failing to do this, we will be happy to remove our Fuel Management Solution from your vehicles, and refund the subscriptions paid to Globaltrack during that period.

By integrating our Fuel Management Solution into your internal business processes, we are going to save you on average 20 to 40 liters per trip, per truck. Not to mention the time and money that you will save on operation’s resources and Fleet Controllers, that will not need to spend 70% of their time reconciling fuel. That time that they save, can be used to build accountabilities in other areas of your business.

Curve the fuel levy increase for 2018 by taking advantage of fuel savings with our Fuel Management Solution, contact us for more information.

 

Sources

IEA: Oil Prices Could Rise Further As Shale Can’t Fill The Gap

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Tagged under: Fuel hikes, Fuel Management Solution, Oil price, USD

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  • Our Solutions
    • Cross-Border Solutions
    • Fuel Management Solutions
    • Data Analytics Solutions
    • Yellow Equipment Solutions
    • Generator Solutions
    • NGO Solutions
  • About Globaltrack
    • Company Profile
    • Webtrack Fleet Management
    • Mobile Apps
    • Case Studies
  • News
  • Contact Us
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