2022.03.17
Five things you need to consider ahead of the fuel duty deadline
The red diesel deadline is fast approaching. From 1st April a majority of business sectors will no longer be able to use red diesel in its operations as outlined in the Governments 2020 budget. This will lead to higher fuel costs. So, what key things do businesses need to be aware of ahead of the deadline.
1.Factor in the additional fuel cost
Without the red diesel levy there will be an increase on fuel costs for businesses of at least 46.81*ppl.
2.Consider making the fuel switch now
Most businesses may make the switch from red diesel to white diesel, however it’s worth considering all the options and exploring the wider benefits of your fuel choice. Hydrotreated Vegetable Oil (HVO) is a cleaner, greener fuel derived from waste cooking oil. It is a drop-in fuel with a wealth of environmental benefits including 90% reduction in CO2 emissions and lower local emissions such as Particulate Matter and NOx.
3.Run your existing fuel stocks down
Don’t get caught out by having red diesel in your tanks after the 1st April. Use any stock you have before the deadline otherwise you could be liable for financial penalties.
4. Check for additional charges
If returning hires with fuel, check whether you will need to pay for any tank cleaning charges or disposal of fuel.
5. Look at alternative ways to lower your fuel consumption
New technology such as Stage V generators and battery hybrids can lower your fuel usage, saving costs and emissions.
Aggreko are here to help. Our team can navigate you through these changes and advise on the next steps you need to take to ensure you are ready for the 1 April deadline.
*Prices accurate as of February 2022