Hedging expands to ease truck fuel price worries07 January 2010

Following another 12 months of wildly fluctuating fuel prices, Portland Fuel Price Protection has launched a protection scheme for mid size operators.

Previously only available to major international operators, Portland's price hedging system now offers those with fleets running 20,000 litres of diesel a year the same price protection. Portland says the move was introduced as predictions over fuel price increases started to emerge in anticipation of the UK moving into economic recovery.

"For most operators, fuel is the biggest single operating cost, yet its price trend is rising and increasingly unstable," says Portland's managing director James Spencer.

"We're helping firms fix the effective price of fuel for three, six or more months – meaning that they can budget, tender and protect their margins, secure in the knowledge that they've fixed the biggest variable in the equation."

John Challen

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