Car fleet managers unlikely to rest up over petrol prices
Car fleet managers are likely to welcome the news that petrol prices have been receding since their peak in July but with recession threatening it is unlikely car fleet managers are going to take their eye of the invoices.
The weak pound and the threat of a further weakening economy are both bad news for car fleets, which rely on large amounts petrol each working day.
Neville Briggs, managing director at CFC Solutions, said: "The important statistic to bear in mind is not that petrol is eight pence per litre cheaper than it was a few weeks ago but that it is still around 50 pence per litre more expensive than it was in 2002.
"The picture that has developed in recent years suggests that whatever short term peaks and troughs are encountered, petrol and diesel prices will continue to rise well above the rate of inflation and probably faster than any other fleet cost."
The recent LA Auto show, however, will have boosted the confidence of many cost-conscious car fleet managers, as the number of electric or ecological cars showcased has suggested car manufacturers are now taking the cause far more seriously.
