How can Fleet Managers benefit from using Fleet Expense Management Tools?

Be it any business, transportation/logistics play a prominent role in it. From having a fleet of thousand vehicles to a few, from owning the fleet to outsourcing it to another, there are various problems faced by all the fleet businesses but most of them are associated with the expense management.

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Government announces daily fuel price revision

Since June 16, 2017, dynamic fuel pricing was implemented throughout the country, prices of petrol & diesel have only gone up. The price increase may be gradual but it amounts to a monumental increase if looked over time.

The rising fuel prices fan inflation, jack up the subsidy bill and make it difficult for the government to meet required fiscal targets. They affect households budget directly through increased prices of diesel, petrol and cooking gas, and indirectly through the rise in transport charges that feed into higher prices of most consumable products and services. Higher fuel prices also impact the operating margins of businesses and in turn, government tax revenue.

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