K2 Petroleum and Imperial Oil sign fuel deal

K2 Petroleum has signed a deal with Imperial Oil to convert its existing cardlocks. Under the agreement, K2 Petroleum branded cardlocks will be converted to Esso Commercial cardlocks, giving its fuel card customers access to Esso’s network of stations. 

K2 Petroleum hopes that its deal with Imperial Oil, Canada’s largest refinery, will significantly enhance its pricing competitiveness and give its fuel card customers deeper discounts and at an increased fuelling network. 

The deal with Imperial Oil will give customers access to a fuelling network of more than 160 Esso commercial cardlocks in Canada, majority owned by Imperial Oil and Esso’s parent company, ExxonMobil. The deal with also give customers access to more than 9,000 non-Esso cardlocks across the U.S.

K2 Petroleum’s network of retail stations specializes in commercial fleet fuelling services and bulk fuel supply for industrial, commercial, institutional and agricultural clients. K2 Group continues to invest in its petroleum division by launching programs such as accounts receivable factoring, on-site refueling, as well as truck insurance, repair and maintenance services through its mobile app. 

The K2 fuel card is a payment solution designed to provide value-driven discounts and meet the financial demands of fleets. Fuel cards can be customized for individual drivers and tailored to a fleet’s routes and needs with benefits like:

• Competitive, market-based pricing to help save on fuel and diesel exhaust fluid purchases

• Direct customer billing and real-time, web-based card controls which allows customers to: set limits for a particular time period, on select products and for specific fuelling locations; activate new fuel cards, cancel or place cards on hold as needed; group cards for accuracy and efficiency; and view an individual card’s history and recent transactions

• Provides data and gives customers the ability to develop and save custom reports 

• Enhanced security validations and features such as driver ID, odometer readings and confidential PIN numbers

• Transaction data files are aligned with the EFS standard and customers can get a versatile statement file format that is compatible with software accepting this