Companies have seen total cost of ownership decline because of an 11% fall in fuel bills in the past year, research shows.
The price of petrol and diesel has fallen by an average of 10p per litre year-on-year. However, while a quarter of companies said they used the money saved to invest back into their fleets, more than one-fifth said the savings encouraged them to purchase larger vehicles, because fuel costs were less of a concern.
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