Equipment Leasing Solutions For Your Business

On our previous blog, we provided a list of objectives and things that you have to consider before buying or leasing your equipment. This time, Pacific Petroleum will provide some equipment options that you can consider, as well as the advantages and disadvantages of using specific kinds of fuel storage tanks.

As a provider of quality fuel, Pacific Petroleum offers fuel storage tank rental to accommodate your bulk fuel orders and help keep your fuel fresh. We provide storage equipment that is fully compliant and backed up by expert advice.

Pacific Petroleum has storage tanks that can accommodate 1000L to 50000L of fuel. Here are some options that you can consider upon determining that you need fuel storage tanks for your business.

Above-ground or on-ground cylinders/tanks

Above-ground cylinders/tanks are ideal for farming and agriculture-related businesses. When you use these kinds of tanks, you won’t need electricity to access the fuel required for your operations. You can count on gravity feed to do the work for you. Using this type of tank, you won’t have to worry about the bunding requirement since aboveground cylinders are usually smaller than those that require bund walls. You can use these tanks to easily refuel your vehicles and farm equipment.

While it has its advantages, the owners of this type of equipment should be aware of the risks of using such. Before leasing/buying the equipment, owners must consider the weather and ground conditions where the tank will be installed to prevent accidents that might compromise the safety of the owners, workers/farmers, and the environment.

Pacific Petroleum’s aboveground cylinders are ideal for farm use and are NMI approved. Our tanks are available in various sizes to accommodate the needs of your business.

Self-bunded tanks

Larger tanks need bunding or bund wall to keep potentially polluting substances from making contact with the ground or the environment until remedial actions can be taken. We offer self-bunded tanks that you can relocate whenever and wherever you need it.

Compared to regular tanks, self-bunded tanks offer better protection because they are made with double steel walls. Hence, they are more effective in keeping fuels and other chemicals fresher and safer.

These tanks can also store larger amounts of fuel, chemicals and other liquids. Self-bunded tanks are ideal for businesses who require large amounts of fuel to keep their daily business operations running. From agriculture, construction/earth-moving, mining/drilling/quarrying, and power/energy, to automotive, manufacturing, technical services, engineering, and transport.

Not all businesses require large amounts of fuel and storage tanks for their bulk fuel supplies, but it is a good idea to consider if you’re planning to expand your business.

If you are not sure which option suits your business needs, you can talk to a Pacific Petroleum Business Manager who will consider your objectives, understands your issues and will offer practical solutions. Hence, adding value to what your business can offer. Our experts can tailor different equipment and service solutions to suit the needs of your business. Contact Us!

Also Read: Do I Lease My Fuel Equipment or Buy My Fuel Equipment, Which is Better?

Do I Lease My Fuel Equipment or Buy My Fuel Equipment, Which is Better?

Business owners nowadays are finding different ways on how they can save money and at the same time grow their company. When starting a business, some businesses try to buy everything they need to perform their day-to-day operations. Before getting service solutions, you have to figure out whether it will be beneficial to you and your business.

To answer the question above, first, you have to know the benefits of leasing or buying storage tanks or equipment for your fuel.

Leasing equipment has many benefits. Leasing can:

  • Free up cash flow,
  • Readily enable you to upgrade our equipment needs as they may change
  • Reduce company tax commitments without adversely affecting your Balance Sheet.
  • Easily attainable as opposed to outright purchase
  • Potentially more financiers willing to fund your great ideas.

Then again, buying equipment provides:

  • Surety
  • Reduces long-term financial obligation
  • Enables tax advantages through depreciation
  • Offers independence and
  • Adds capital value to your business.

So, what do you do? How do you choose?

If you need fuel or workshop equipment that enables you to buy in larger quantities and therefore drive lower costs and thereby reduce your company’s operating expenses, what is your best choice?

More importantly, are you asking the right question in the first place?

You may be surprised that you have other options which may be easier and may be smarter than either the choice between, “do I Lease or do I Buy”.

If your objective is to

  • Reduce the cost of fuel and oil purchases by buying in bulk
  • Reduce the inconvenience and cost of having to rely on service stations to source your fuel
  • Avoid on-site refuelling surcharges
  • Increase fuel security and supply by having adequate storage on-site – just for your needs
  • The facility of 24 hours, seven days a week access to fuel without leaving your site
  • The ease and efficiency of bulk oils and service equipment for your workshop
  • Source less than retail fuel prices when some distance from your home base
  • Greater accountability for cost control purposes
  • Minimise time wasting driver distractions when relying 100% on retail fuel outlets
  • All while achieving this at minimal capital cost and interest charges to your business?

If you were able to tick all or most of the items on this list, you only need to talk with a Pacific Petroleum Business Manager who will consider your objectives, understands your issues and will offer practical solutions which can not only tick all these boxes, but add a lot more value to your business than you think. Contact us now!

Potentially, without Leasing or Buying any equipment, if this is the smarter way for your business.

Just remember that before you decide on anything, it is always better to consult with experts first. This is to make sure that the changes you want to make won’t do any harm to you and your business.

Bulk Fuel Facilities Can Save Your Company Money – Here’s How…

Labour, Vehicles, and Fuel are your largest expenses. You may not be able to reduce labour rates nor easily and quickly change the mix of the vehicles in your fleet, but you have more control over fuel expense and the impact this has on your costs than you think. Your own bulk fuel facilities can deliver surprising cost savings and surprisingly provide increased security for your business.

What affects the price of fuel sourced through Retail Service Stations?

  • Retailer’s profit margin
  • Retailers expenses (rent/rates/maintenance/staffing/advertising/compliance etc)
  • Card fees (monthly card fees/interest on debt/administration surcharges)
  • Theft/Shrinkage (drive-off /theft losses are shared amongst paying customers)
  • Cartage costs (cost of fuel delivered to fuel sites some distance from Vendor)

What other costs, perhaps not so visible, are associated with ‘Retail’ fuel purchases?

  • Slower Retail fuel pump rates lead to longer refuelling time
  • Food, beverage, and lounge facility temptations can lead to departure delays
  • Socialising with other patrons/drivers can cause further delays
  • Card misuse through the purchase of unapproved items can add to costs
  • Card loss and replacement administrative expenses
  • Account reconciliation time and expense for your administration staff

How do your own Bulk fuel facilities protect you from these costs?

  • Bulk fuel, delivered in economical quantities, delivered efficiently and coordinated with your fleets’ consumption needs, will typically be the least cost fuel you can buy.
  • Discretionary purchases when fuel prices are low as possible with your own tank
  • With an approved and agreed Credit Facility, your terms may also improve cash-flow.
  • One invoice for bulk fuel, versus an invoice for every fuel fill for every truck
  • No retail site profit margin and extraordinary costs built into the price
  • Your own Bulk Fuel Facilities are configured with Hi-Flow pumps with up to double the fuel flow rates of retail sites, leading to less time to refuel
  • No Retail site distractions or unwanted driver/delivery delays
  • No Retail site card administration expenses
  • Bulk fuel tank Data Management computer fitted to your tank automatically accounts for fuel usage and runs on your own computer (data security)
  • Large vehicle fleets can use lower cost labour to refuel vehicles before they depart
  • You have fuel of a known and trusted high quality at all times.

And on the matter of Fuel Security, having additional bulk storage, only for you, on your site, can significantly protect your business from fuel shortages which may occur at Retail sites in high demand, or during fuel supply issues.

Bulk fuel facilities can be supplied as part of a Supply Agreement between you and Pacific Petroleum. We can provide many fleet fuelling options and we would be pleased to discuss an arrangement that would best suit your individual business needs. Contact Us!

 

 

Advantages of On-site Refuelling Services

Having the right fuel solutions suited to your business needs is important. Not only during crucial days of production but all year-round. On-site refuelling services can help in improving the company’s productivity. With this, you can be sure that you have what you need to meet the requirements of the business.

 

Anytime. Anywhere

True to its name, on-site refuelling services allows you to refuel your fleet or equipment anywhere and anytime you need it. With these services, the fuel you buy is directly delivered to your fleet or into your machines.

Tailor-fitted solutions

Every kind of business has different needs when it comes to the amount of fuel they consume for each day of production. Many companies now offer on-site refuelling solution to accommodate the needs of a specific business. By getting these services from your fuel provider, you can rest assured that you will not run out of fuel when you need it most.

No storage tanks required

When fuel is directly delivered to your fleet or equipment, you need not worry about spending money in buying expensive storage tanks. Getting these arrangements, you wouldn’t have to stress yourself thinking if your fuel is stored properly and you don’t have to maintain storage tanks and pay for repairs. Also, you won’t have to worry about relocating owned fuel tanks whenever you relocate or reposition your operations.

Reduced operating cost

Some people assume that specialised fuel solutions are more expensive and offer no benefit to their business. Most of the time, this assumption is wrong. On-site refuelling helps in reducing driver downtime and increasing productivity. With on-site refuelling, your drivers won’t have to go to service stations to for refuelling. It also helps you save time and money since you won’t have to hire another person for the administration of fuel.

The right equipment

Fuel storage and delivery require the use of expensive tanks engineered to maintain the quality of the stored fuel, especially as it is being transported. Many businesses/operations that require a large amount of fuel don’t usually have the right equipment for its storage and delivery. Hence, many fuel distributors have started offering bulk fuel and onsite fuel delivery services so that business owners won’t have to worry about it. Bulk tanks with residual fuel remaining are impossible to relocate due to structural strain when lifting. Relocating bulk tanks pose safety and environmental risks due to potential spills.

Facilitation/Administration of fuel delivery

Fuel administration has to be monitored, especially for bulk fuel deliveries. On-site fuel deliveries are ideal for project-based operations because it allows business owners and operators to monitor their fuel consumption. Since these deliveries or transaction are documented and monitored, it is easier for business owners or administrators to detect any kind of theft that occurs. Fuel theft from an unattended bulk tank is a potential risk, with on-site refuelling, there is no bulk fuel to worry about.

Accounting

The customer does not have to tie-up their cash on excess fuel sitting in a bulk tank, till they eventually use it. Pay as you go, in much smaller amounts, can assist the company with cash flow. Cost accounting is more accurate as their fuel spends for a specific job can be better measured as opposed to excess residual bulk fuel that may be retained in a bulk tank – for the next job. Separate billing for individual plants can be arranged. This provides a clear indication to your cost accountants of the actual fuel cost per piece of plant – great for more accurate cost/expense accounting.

 

On-site refuelling may not be suitable for all kinds of businesses, but it is one of the many ways to help a business to be more efficient and productive. Other factors that business owners should consider is the amount of fuel needed for each day of production. As well as the frequency of fuel deliveries to find out whether or not this option will be beneficial to their business.

5 Tips on How to Improve your Fuel Economy

One of the prominent problems that a lot of nations are facing today is the continuous rise of different petroleum products. Because of this, many innovators and experts have been trying to find ways on how to improve the usage of fuel or to decrease the need for these products to avoid running out of fuel resources.

Lose the weight

Before using your vehicle, make sure that you’ve removed all the things that you won’t need for the trip. You might not notice it, but the extra weight is affecting your fuel consumption. With every 100 pounds added to your vehicle, your fuel economy is reduced by 1-2%.

It’s not necessary to remove all your stuff, just remove the heavy ones that you won’t be needing for the trip. When you do this, make sure that you have what you need so you won’t have to come back for it once you’ve arrived at your destination. An extra trip to retrieve the items you have forgotten beats the purpose of reducing your load in the first place.

Switch off instead of idle

Don’t leave your vehicle idle for too long, because this consumes more fuel compared to switching off your engine and restarting it. There are a number of no idle-zones in the country to help in reducing CO2 emission and fuel consumption.

To lessen the fuel consumption of your engine, limit using your heater and cooler. Wear clothes that are appropriate for the weather, so you won’t have to turn on your heater or cooler.

Perform regular maintenance

Proper and regular maintenance can help in improving your fuel economy. It might sound like a lot of work, but regularly having your car serviced by a qualified mechanic, or as often as the manufacturer recommends will help in making sure that your engine is in peak condition and is not using extra fuel.

Keeping your tires inflated to the maximum pressure recommended and your wheels properly aligned can help in reducing your vehicle’s fuel consumption.

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Drive Smoothly avoid heavy braking

Heavy braking and applying heavy throttle can increase your fuel consumption. Studies show that a driver’s technique greatly affects the fuel efficiency of their engine.To improve your fuel efficiency, think ahead and drive smoothly. Avoid stepping too hard on the pedals and over braking. It does not only will it help in reducing your fuel consumption, it also protects your engine from wear and tear. If you can, avoid taking rough roads so you won’t have to exert much effort and force in driving.

Buy the right fuel

Using low-quality fuel will only cost you more money, without helping the performance of your engine. But buying premium-grade will not help your vehicle’s fuel economy if it is engineered to run on regular. The ideal thing to do is check the manual to see the amount of octane recommended by the manufacturer.

There are online guides that you can use to find affordable and quality fuel. Just follow what is recommended for your vehicle. Avoid using poor quality fuel as it does not always burn promptly and will need larger amount to get your vehicle moving.

Improving your fuel economy is not a one time task. There are certain things that you have to maintain to achieve the results you want. There are also recommended driving styles and techniques that you can apply to reduce your fuel consumption. Also, taking care of your vehicle can help improve your fuel efficiency.