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TESCO CONTRACT FOR ISLAND FUEL COMPANY

iowfuelsOwner and operator of the Island’s only fuel oil storage terminal, Isle of Wight Fuels Ltd, have announced today that it has secured an exciting contract with one of the Island’s largest fuel retailers, Tesco.

The new contract will see Isle of Wight Fuels supplying supermarket Tesco with unleaded petrol and diesel on the forecourt at Brading Road, Ryde.

The benefits to all parties are numerous, but notably the deal has already created an extra full time job at Isle of Wight Fuels, it will help reduce transport costs for Tesco and will reduce the hazards of petrol tankers delivering to the Island by ferry, as Isle of Wight Fuels has its own dedicated barge which delivers direct to the East Cowes Terminal.

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David Grannum, General Manager of Isle of Wight Fuels explained:

“This is great news for Isle of Wight Fuels – by securing this contract we have been able to increase our product offering and create a full time tanker driver role.

“The supply was dependent upon Isle of Wight Fuels being able to supply Tesco with stocks incorporating fuel enhancing additives, which help to make them cleaner and greener. The HiTEC© Gasoline and Diesel Performance additives offer increased fuel economy, improved power and acceleration, reduced emissions and enhanced engine life – even better news is that the enhanced fuels will also be available to commercial customers on the Island and through Pace service stations.”

John Lucas, Petrol Buying Manager at Tesco said:

“Tesco is pleased to be able to work with a local supplier to provide high quality fuel for our Island customers. We are always keen to use local suppliers where possible, as it supports the communities in which we operate, and often reduces transport miles and emissions.”

The Tesco contract is the latest in a number of high volume supply contracts recently secured by Isle of Wight Fuels Ltd, including agreements with Hovertravel and Island Roads. Isle of Wight Fuels are also looking to enhance their retail offering with the launch of a new retail brand being planned for the coming months.

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