Diesel prices fluctuate, and farmers must take advantage of these price drops to boost profitability. Australian farmers typically know to stock up on diesel for their daily activities and to get ready for busy periods.
Businesses suffered a great deal as a result of the coronavirus pandemic's global spread. The agriculture sector, on the other hand, wasn't as affected because it offers the necessities consumers require, such fresh fruit.
The farming operations continue as usual, despite regulatory restrictions brought on by Covid19, such as the requirement to wear masks, keep a safe distance if necessary, and adhere to other safety standards.
What advantages do fuel storage tanks offer?
- Cost and time savings: Large quantities of fuel can be buy online securely and conveniently stored in a fuel storage tank. The organisation will save time and money as a result of workers not having to leave the site to refill machinery and cars.
- Flexibility: Gasoline storage tanks may be securely moved from one location to another based on where they are most needed at the time, allowing you to have fuel close at hand no matter where you are. Fuel storage tanks for remote sites can be used efficiently even if there is no power present thanks to solar or diesel power sources.
- Safety: Our fuel storage tanks are all manufactured in accordance with the strictest Australian safety regulations. Our self-bonded gasoline tanks have double steel walls to guard against rupture, spillage, and liquid leakage. This makes it possible for your location to meet environmental criteria for contamination and safety.
Diesel price irregularities
Diesel prices are constantly erratic. It occasionally experiences highs and lows, which makes it difficult for farmers to develop a sound strategic plan for fuel savings.
The world's two largest exporters of crude oil, Saudi Arabia and Russia, engaged in a price war as a result of the lower fuel costs, which had an impact on the world's low demand for oil supplies. Another important contributor to the shifting diesel prices is nations closing their borders.
For those living in the jungle, though, that is not the case. The savings that inhabitants of metropolitan regions have reaped from increases in gasoline prices do not apply to them because they must pay extra for transportation and bowser fees to get to their locations.
Examine your diesel-fueled storage tanks
Any seasoned farmer is aware that it's not as simple as it appears to store bulk diesel. Your considerations include locating a dependable gasoline provider and choosing the ideal day or time to store your storage tanks.
If similar unexpected price drops do occur in the future, this is the ideal opportunity to plan ahead. The only source of gasoline for our nation is from its neighbours.
If you plan and prepare properly, encountering scenarios with fuel shortages shouldn't be another burden for you to carry.
Guidelines for diesel storage tanks:
Australian Standards specify the procedures to be followed for the secure handling and storage of various fuels used with equipment and vehicles.
Before purchasing such a significant asset as a petroleum storage tank, it is crucial to be aware of any restrictions. Since cheap is almost always an indication that shortcuts have been taken, it is almost never a good idea.
- Are your storage tanks still operating?
You need to verify your storage tanks' quality, especially if they are manufactured from steel and not stored properly. Steel tanks are vulnerable to moisture and rust, increasing the risk of a fuel spill.
- Storage containers robust enough to withstand the seasons of sowing and harvesting
You are storing fuel mostly to prepare for planting and harvesting seasons. Diesel is the only fuel used by your tractors and other farming machinery to help you harvest your crops.
The number of litres of diesel required during your planting and harvesting times may change depending on changes in your agricultural practises and crops. If you haven't estimated your litre usage, you don't want to find yourself in a situation where you have to buy expensive fuel.
You may possibly avoid situations like this by installing new storage tanks, ensuring that you are completely prepared for your busiest periods.
- How much diesel should be kept on hand for a farm?
We are aware that keeping inexpensive fuel on hand for market downturns ought to be your top priority. But beware having too much diesel will cost you more money.
These additional costs may result from contaminated storage tanks, diesel spills, improper usage of diesel fuel, or even fuel theft.
So, keep track of the typical number of litres of fuel you use each day.
Even if you believed you had saved money by buying inexpensive diesel, sometimes failing to notice this small detail can cause you to spend money you don't need to.
4. A sufficient budget and contingency plan for storing diesel
Because fuel costs fluctuate. It fluctuates constantly in response to events on the world market and consumer demand. By keeping an eye on the market and creating plans that will help you and your farm, you can help yourself.
Any savings are still saves, and with careful preparation, the fact that you were able to reduce certain expenses can be considered one of your small victories.
When should you replace your storage tanks?
Anytime you feel it would be appropriate is the ideal moment to upgrade your storage tanks. If properly maintained, diesel storage tanks can survive for a very long period, but you must keep in mind that if they are not frequently maintained, you won't be able to use their full capacity.
If the performance of your tank has been worrying you, don't be afraid to seek professional help. Being actively involved in your everyday tasks can help you keep track of developments on your farm, which is a great bonus.
Conclusion
Therefore, if well planned for, decreasing fuel prices can result in significant savings. Long-term advantages for you and your farm can also come from upgrading your fuel storage at the right moment.