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• bY GuY SINFIPard Cut-price diesel is set to go on sale to hauliers next month through a newly formed company which is buying surplus oil from a Middle Eastern refinery.
The Fuel Club's first consignment of 10.8 million litres is due to arrive at Immingham at the end of this month, and 80 tankers are on stand-by to deliver it to operators, says cofounder Jim Wallace.
Most of the fuel will be sold to customers who can take deliveries of at least 30,000 litres, he says, but smaller hauliers using fuel cards to buy diesel may benefit indirectly as well.
"We are actually buying fuel slightly cheaper than normal, Wallace explains, "It still works out a couple of pennies less than anywhere else in the open market, and a couple of pennies makes a huge difference." Wallace adds that the unnamed supplier is producing diesel for a Middle Eastern market where it costs more to cut output or to store excess production than it does to sell on at a discount. "There are very limited ways of buying fuel in Europe," he points out. "Not many refineries will sell to you directly because they are owned by the big companies.'
The Fuel Club is
part-owned by the refinery and is under contract to buy more than 100 million litres of fuel a year "It is not a lot of fuel in the scheme of things but it's a large
amount for us," says Walla Although his company based in Belgium, his origi intention to sell fuel throughi Europe has been scrapped.