Fuel price risk management

Fuel price risk management is making sure that businesses are prepared for changes in fuel prices. Fuel prices can go up or down, and it's important for businesses to make sure that they can handle any changes so they're not losing money. To do this, businesses can use different strategies to manage their fuel costs. For example, they can agree to buy fuel at a certain price for a period of time with a supplier, or they can look for ways to use less fuel. They can also try to buy fuel when prices are lower, so they get a better deal. By planning ahead, businesses can make sure they are ready for any changes in fuel prices.