What is the State Fuel Price Feature?



A fleet management system is a complete toolkit that allows a holistic approach to fleet optimisation. It has several solutions that aim to make fleet businesses efficient and productive. From route planning to driver behaviour monitoring, this system looks into each and every aspect of the fleet business.

One such feature that this system has to offer is the state fuel price. This system allows managers to see real-time fuel prices in various places. Let us see how this feature can help fleet managers.

What is State Fuel Price Feature

Fuel management software is one of the most essential solutions of fleet management software. It uses various alerts and reports to ensure that the vehicle runs at optimal fuel usage. But won't this planning go to waste if the very purchase of the fuel is done at an expensive rate?


This is where the fuel price feature steps in. Managers can see which places have cheaper fuel than others throughout their route. More efficient for inter-state travel, they can plan their fuel usage accordingly.


For example, if a vehicle has to travel through states A and B. State A sells fuel at Rs.95/l and state B sells it at Rs.101/l. This will mean that it will be beneficial that the driver purchases fuel from state A. Thus, the manager will instruct his driver to make this purchase according to the rate to maximise the profits.

Benefits of Using State Fuel Price Feature

So how does having the knowledge of state fuel prices benefit a fleet business? Let us look at some benefits of using this feature:


  • Cost Reduction: Of course, if a fleet business is making most of its fuel purchases from areas with lower fuel prices, then it means that it's over the cost of operation comes down. Investing money saved from this area into other operations will help amplify the quality of the fleet business.

  • Better Driver Behaviour: When the managers instruct their drivers on where to purchase fuel, in a way they are also managing the mileage of a vehicle. In order to ensure that they do not end up with low fuel before the desired spot for purchase, drivers will need to cut down on their wasteful activities. This means less overspeeding, idling and so on.

  • Higher Profitability: Having a fleet that spends less on fuel means that it can make better profits. Due to optimised driver practices, the vehicles also incur less damage than before. Thus, businesses will have to spend way less on vehicle repairs.

  • Boosted Visibility: with the help of the state fuel price system, managers have a better idea of their vehicle’s and driver’s activities. This boosts the visibility of the fleet, helping managers better optimise the loopholes in their operations.

Conclusion

Investing in a fleet tracking system is a no-brainer for fleet businesses and the state fuel price feature makes it an even better investment. Not only does it make it easier for managers to control their fleet expenditures, but can also ensure safety because better driver behaviour means fewer road accidents.


When talking about fleet management software, the first choice should always be TrackoBit. With its amazing features and dynamic reports, this system helps fleet businesses be thorough with their operations.


Read More: Fuel Monitoring Software, Video telematics Software, Sim Based Tracking, Driver Behaviour Monitoring, Route Planning Software, Asset Tracking Software


Source: What is the State Fuel Price Feature?

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