The Car and Truck Fleet and Leasing Management Magazine

PHH Arval Partners with Pricelock to Provide Fuel Price Protection

April 07, 2011 - Press Release

SPARKS, MD - PHH Arval has announced a strategic partnership with Pricelock Inc., the leading online provider of fuel-price hedging solutions, to provide fuel price protection to its clients. Effective immediately, PHH Arval can help fleet managers protect their organizations against unpredictable fuel prices and ensure budget predictability.
Pricelock fuel price protection helps companies of all sizes control their fuel budgets through an innovative plan that reimburses them when the national average fuel price rises above a pre-established level. Gasoline price volatility is a primary concern for fleet managers; in 2011, gas prices have already increased 17 percent through the end of March. Fuel price protection can minimize exposure to price fluctuations by establishing a stable gas budget, adding predictability to the bottom line.
“Pricelock is delighted to work with PHH Arval to help its clients stabilize their fuel budgets,” said Naveen Agarwal, COO of Pricelock. “Given the erratic behavior of oil prices in recent months, fuel costs are an even greater source of concern for fleet managers. Our award-winning approach to fuel price protection is designed to eliminate price volatility and bring our customers peace of mind.”
“As a leading provider of fleet management solutions, PHH is committed to identifying new and innovative ways for our clients to controlcosts,” said Steve DiBiagio, PHH Arval’s Senior Vice President of Strategic Alliances. “We have selected Pricelock’s fuel price protection program because it is a proven, easy-to-implement way for our clients to manage fuel costs.”
For more information on Pricelock fuel price protection, visit:

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

The U.S. General Services Administration's (GSA) mission is to use expertise to provide innovative solutions for our customers in support of their missions and by so doing, foster an effective, sustainable, and transparent government for the American people.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher