PHH Arval announced a strategic partnership with Pricelock, an 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.

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