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Fuel costs are among the most significant expenses for companies in the transportation or logistics sector. Applying for fuel cards can help such businesses control their fuel costs, as well as reduce administrative expenditures by doing away with the need to keep receipts or claim expenses. There are many benefits of using such cards. A few of these benefits have been underlined in the following slides.
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Using fuel cards Fuel costs are among the most significant expenses for companies in the transportation or logistics sector. Applying for fuel cards can help such businesses control their fuel costs, as well as reduce administrative expenditures by doing away with the need to keep receipts or claim expenses. There are many benefits of using such cards. A few of these benefits have been underlined in the following slides.
Superior Control Over Fuel Spending By using fuel cards, you can enjoy superior control over the fuel spending of your fleet drivers. Such cards can only be used for buying diesel and CNG. Hence, they help prevent unauthorized purchases and provide assurance that your company funds are being used properly.
Easy Access to Fuel Refills One of the key reasons for using a fuel card for the business fleet is the high level of convenience provided by it. Popular fuel cards allow for cashless purchases of diesel and lubricant from any BPCL, HPCL, or IOCL outlet across India. Hence, your fleet drivers can easily get fuel at their preferred locations without having to carry bundles of cash around. Fuel cards are a perfect payment method for businesses whose fleets operate in multiple parts of India.
Improved Cost Savings Fuel cards often come with attractive discounts, cash back, or reward programs, allowing your business to enjoy superior cost savings over the long term.
Applying for Fuel Cards Applying for fuel cards would be a good choice for any business that has to operate a fleet of vehicles regularly. It is quite easy to apply for fuel cards online and can be done simply by visiting the website of any bank or non-banking financial company (NBFC) that offers this facility.