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Commonwealth Bank delivers businesses fuel price certainty

With continued volatility in world oil prices, the Commonwealth Bank is offering businesses the opportunity to lock in fuel pricing for the first six months of the new financial year with a new release of its highly popular Diesel Index Cap.

“As Australian businesses look to get the new financial year off to a sound start, the ability to identify and maintain a stable set of operating costs is definitely a bonus,” said Commonwealth Bank general manager – institutional and corporate sales, Brendan White.

“Oil prices are often one variable that businesses find difficult to predict, and one that has the potential in a very volatile environment to increase suddenly.

“With the Diesel Index Cap, businesses can set a maximum fuel price for the next six months, giving then the potential of a win-win situation. If oil prices rise about the cap, the Bank will pay the difference. If oil prices drop, while they won’t receive a payment from the Bank, they will still benefit from the lower price oil,” White said.

The Diesel Index Cap is suitable for any businesses exposed to volumes as low as 25,000 litres a month.

Applications close 15 June 2007.

For more information contact the Commonwealth Bank on 1800 627 795 or email ">d

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