{"id":102499,"date":"2025-02-22T01:30:15","date_gmt":"2025-02-22T01:30:15","guid":{"rendered":"https:\/\/peraltafinancing.com\/accounting\/increasing-fuel-costs-repsol-provide-interesting-approch\/"},"modified":"2025-02-22T01:30:15","modified_gmt":"2025-02-22T01:30:15","slug":"increasing-fuel-costs-repsol-provide-interesting-approch","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=102499","title":{"rendered":"Increasing fuel costs \u2013 Repsol provide interesting approch"},"content":{"rendered":"


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Image from https:\/\/www.nbc11news.com\/content\/news\/Gas-prices-hike-in-Colorado-higher-than-national-average-507403181.html<\/a><\/figcaption><\/figure>\n

With recent events in Ukraine, the world has faced a sharp rise in fuel prices. This applies to individuals and business. Here in Ireland where I live, our government has reduced the taxes on fuels, which in turn reduce the at pump price.<\/p>\n

Repsol, a Spanish company has taken an interesting initiative. They have reduced prices<\/a> of fuel by 10c per litre, but only if you pay using their app Waylet. Thinking as a management accountant, I am thinking this is quite smart on their part. I am guessing, but I would assume that paying via the Waylet app reduces many costs \u2013 such as payment processing fees, or cash handling fees for example. Thinking as a manager with a more strategic hat on, maybe Repsol are attempting to make all payments cashless, and this is a way to move more people towards their Waylet platform. Regardless, I would be confident the reduction of 10c in price is compensated by an equal cost saving somewhere.<\/p>\n

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Tags: Costs<\/a>, Management accounting<\/a><\/p>\n

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About martinjquinn<\/h4>\n

\t\t\tI am an accounting academic, accountant and author based near Dublin, Ireland.\t\t\t\n\t\t<\/div>\n

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Image from https:\/\/www.nbc11news.com\/content\/news\/Gas-prices-hike-in-Colorado-higher-than-national-average-507403181.html With recent events in Ukraine, the world has faced a sharp rise in fuel prices. This applies to individuals and business. Here in Ireland where I live, our government has reduced the taxes on fuels, which in turn reduce the at pump price. Repsol, a Spanish company has taken an interesting initiative. […]<\/p>\n","protected":false},"author":1,"featured_media":102500,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11759],"tags":[47401,13594,3158,13639,21593,19519,47400],"dealstore":[],"offerexpiration":[],"class_list":["post-102499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","tag-approch","tag-costs","tag-fuel","tag-increasing","tag-interesting","tag-provide","tag-repsol"],"yoast_head":"\nIncreasing fuel costs \u2013 Repsol provide interesting approch - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=102499\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Increasing fuel costs \u2013 Repsol provide interesting approch - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Image from https:\/\/www.nbc11news.com\/content\/news\/Gas-prices-hike-in-Colorado-higher-than-national-average-507403181.html With recent events in Ukraine, the world has faced a sharp rise in fuel prices. 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