With any contract, you are essentially locking in an agreed price. A wholesale fuel contract assumes that you will lock in the cost of your fuel at a lower price than the current price in the 'spot market', which is the price you will get in the fuel market at any given time.

Before you decide whether or not a fuel contract is right for you, here are a few benefits of a contract for you to take into account when assessing the price of one:

If you need to use a consistent supply of the same product over a long time, a bulk fuel contract is for you. When you purchase bulk fuel, you know what you're getting all the time, which is a great benefit for certain machines.

Locking in a contract means you have a steady price. Certainty of price is perfect for those who would rather budget and plan than ride the waves of the market.

Once you've locked in a price and you know when and from where your next supply is coming, you don't have to do anything about it anymore. No timely phone calls to research the best price and no meetings to try to bargain for discounts, you already have an excellent price that you don't need to worry about.

As well as consistent, a bulk fuel contract is constant. If the market happened to fluctuate, causing low supply, you would never have to worry about not being able to have fuel in stock. And you'd have it at your contract price, whereas those who choose to surf the spot market would have it at the price dictated by the demand of the time.

Price inversion is rare but costly. Price inversion is where an unbranded supply of fuel goes too low, and becomes extremely costly on the market. The scarcity drives the price of all branded and unbranded fuel much higher.

Call Bulk Fuel Australia to discuss how we can help you lock in some of these benefits for your business.