Fuel purchase agreement

What is Fuel purchase agreement?

Fuel purchase agreement meaning An agreement between a company and a fuel provider which stipulates that the company agrees to purchase its fuel from the fuel provider. If the company has a credit card for use at a fuel provider’s locations, but is not bound by an additional agreement to purchase fuel from that provider, the credit card agreement alone is not considered a fuel purchase agreement.

 

reference: Glossary – U.S. Energy Information Administration (EIA)

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