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.
The price of fuel is on the rise. The rates of petrol and diesel fluctuate daily. As a result, one can easily assume that fuel is an expensive quantity. Most of the cars these days run on petrol and diesel. As these oily products are expensive, and produce pollution on combustion, slowly, Indian car drivers Continue reading “Ways to save fuel in your vehicle”
In order to be at par with the international markets that follow the dynamic pricing model, the State run oil companies decided to put into effect from June 16 2017 the daily fuel price revision across the country. It means the state retailers will reset the price of petrol and diesel each day, rather than wait for a fortnightly revision, which has been the norm so far. This move is expected Continue reading “Checking the Daily Fuel Prices”
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.