Finance professionals have come up with a way to offer fuel-price hedging to small- and medium-sized firms. Historically fuel hedging has only been suitable for large businesses. Infin Management is offering operators with 10 trucks or more a chance to fix or cap their fuel costs. The firm's Fuelbeater product enables transport firms to stabilise their fuel costs for six months to two years, without switching supplier.
Kelvin Seddon, Infin's managing director, tells MT: "We basically group
together firms of similar size and sectors and then we approach our contacts to find the best prices for them. We recommend that companies only fix or cap between 65% and 70% of their total fuel so they are not putting all their eggs in one basket." Seddon adds that Infin is currently working on a way to offer Fuelbeater to single-vehicle operators as well.
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