Rob Murphy
2 Feb 2023
On a monthly basis, Fletcher Oils reviews its standard Rebate. We do this by analysing the movement in the price of UCOME [Biodiesel], which is the key driver of UCO price.
Fletcher Oils began trading in late June 2022 and set our first Rebate on July 1st, this initial Rebate was locked to the UCOME price at that time; we have added this point on the graph below
At the end of each month, if the UCOME price has moved up or down by 25% or more from the July 1st 2022 level, we will adjust our Rebate similarly.
No other UCO collector in the UK are this open and honest about their Rebate strategy, for over 30 years, collectors simply decide what they want to pay. To give you an example, UCOME pricing more than quadrupled between April 2020 and November 2022 - did you see such an increase in your Rebate?
We are pretty sure you didn't, all this additional profit was taken by the collectors. That is quite simply scandalous and Fletcher Oils will not operate in that way, ever.
At the end of January, the UCOME price has risen by 2.5%, therefore Fletcher Oils will leave our Rebate unchanged as the 25% movement was not reached; we have added this point on the graph below
https://www.fletcheroils.co.uk/news/monthly-rebate-review#:~:text=Keep%20checking%20back,Thanks