The minister of finance's announcement in his budget speech regarding the increase in the carbon fuel levy and the forthcoming proposal for the second phase of the carbon tax is poised to have profound implications for the fleet management industry.

The hike in carbon fuel levies for petrol and diesel will inevitably increase the operational costs of fleet management companies. With the surge in fuel prices, organisations will grapple with heightened expenses in fuelling their fleets, potentially resulting in diminished profit margins unless counteracted by strategic cost-saving measures...

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