If you drive, this won’t be news to you: the cost of petrol is currently a huge cause for concern. Prices at the pump have shot over the €2/litre threshold in France and a tank that cost €65 to fill up two months ago may now be costing you €100.
The outbreak of hostilities in Ukraine has fuelled volatility, which has been playing havoc with the energy market. SMEs with fleets of vehicles are being hit hard and prices are set to fluctuate significantly even beyond any eventual peace agreement between Ukraine and Russia.
While petrol prices are an immediate sign of an unsettled oil market, there are more dark clouds looming: next, it’s likely we’ll notice similar hikes with energy bills as gas supplies threaten to become disrupted.
While the price of powering our offices and vehicles is at the mercy of myriad factors well beyond the control of any single entrepreneur, there are ways in which businesses can soften the blow to their finances.
Read on to find out more.