News

Fuel-price hedging firm Infin Management's Fuelbeater website has gone live this week following trials with 30 haulage companies earlier in the year.

Aimed at operators using less than 30,000 litres of fuel a month, Fuelbeater.com enables road transport firms to cap the price they'll pay for fuel for six months.

"In just a few clicks, and for as low as £3 per  100 litres, operators can hedge against rising fuel prices," says Infin MD Kelvin Seddon. "If prices rise above their capped price, they get the difference in cash."

With crude oil reaching a seven-month high of $71.60 a barrel, and bulk diesel at 85.98p/l, it could be a very good time for operators to consider hedging their fuel prices.

Historically, fuel hedging has only been suitable for large businesses, but Infin's Fuelbeater product is aimed specifically at small- to medium-sized businesses and is even suitable for single-vehicle operators.

"The large account operators talk to us directly and use our main hedging service, but Fuealbeater offers a way for smaller operators to hedge against rising fuel prices."