We know the oil was produced by super major corporations and one of the most extensive valued products in the market, which eat up a substantial part of a corporation’s revenue. Crude oil price lowers in the international market, but what about petrol and diesel price? Why are petrol and diesel so costly? Why is petrol called “black gold”?
The production of oil is not just a profitable business; it also makes most countries strong. If a company produces just as much profit, it only implies one thing: the commodity also comes with a heavy price tag. People refer to oil worth gold, which continually increases. Is that the reason why people try to steal it?
Yes! The constant increasing value of the fuel is feeding fuel theft and fraud. Businesses know that they have to go to fuel for a large portion of their revenue. But what’s the issue now is the fact that they’re not only dealing with skyrocketing petroleum prices nowadays— they’re also dealing with fuel theft.
Fuel and Theft
Since oil is one of the most necessary and costly commodities, accounting for $1.7 trillion of the world’s demands for market revenues, it is no wonder that petrol theft is increasing. In reality, the recent accounts have it that every year around the globe, $133 billion in fuel is robbed. Diesel theft is a significant global problem.
Over the years, it has altered or even “developed” methods of stealing petrol. Some steal it directly from the pipelines by illegally tapping and pumping the substance onto trucks and tanks. But what most fleet owners encounter regularly is blatant draining directly from the tank from the vehicle fleet itself and unlawful siphoning of oil and gasoline. Most of the moment, the worst thing about this is that it is the workers themselves who perform the crime, increasing safety issues within the business.
Luckily, fleet fuel theft incidents can be minimized, if not completely eradicated. If you are a fleet owner presently seeking a solution to the alarmingly increasing amount of fleet fuel theft instances, below is a list of a few steps you should take to reduce theft of fleet fuel.
How Can We Reduce Fleet Fuel Theft
1. Anti-siphoning devices and sensors
For fuel theft and frauds, fleet yards are a popular target. In place, they are open and wider, making it simpler to steal. Yes, you can install fences, but what about the drivers inside? We can’t trust anyone blindly.
To reduce theft of fleet fuel, equip the entire plant with sensors and equipment for anti-siphoning. With these sensors, you can monitor the fuel level while using and filling; also, you can set alarms. If somebody attempts to drain fuel from the tank, catch them.
2. Detailed fuel consumption policies
If you found out that your staff has been taking liters of fuel home and confronted them about doing so, the best solution is, they claim they didn’t know it wasn’t permitted, and now it looks like you’re the guilty one.
That’s why setting stuff directly from the beginning pays. Come and discuss narrow fuel consumption strategies and policies with your staff or monitor your staff legally. Make sure they know that for company reasons, only any type of fuel use should be.
3. Use surveillance cameras and enhance facility lighting
Using a CCTV camera, enhancing the lighting in the entire building, and putting detectors where you maintain your fleet can also increase safety. Make sure your security system works 24/7 to discourage theft from taking fuel in your yard. Position your fleet strategically where there are no gray areas, and you can see all of your company on a screen; this will assist you to notice any unauthorized vehicle motion.
4. Inexpensive yet effective GPS fleet management system
Your fleet is vulnerable between theft activities and commitments. But if you can monitor or track your freight in real-time at once, you’ll know how and where to use each of the vehicles; also you can get to know about the amount of fuel used for a trip, you’ll also see why some deliveries take longer than usual, which route the driver has chosen to take, who takes unauthorized detours among them, and the reality behind dubious idle hours.
VAMOSYS, a domestic giant in fleet GPS surveillance, is one of the best fleet management system suppliers on the market today. The products offered by VAMOSYS are produced of sophisticated and durable materials. By attaching GPS tracking equipment for each vehicle, your fleet drivers will behave responsibly, knowing their location is being tracked. This technique also enables you to eliminate the chance of stealing assets from employees. Reducing theft of fleet fuel can, therefore, be accomplished through the solution of VAMOSYS fleet management.
Theft of fuel is a danger to any company. Running out of fuel and stopping business activities just because someone looted your fuel is something that can be avoided, especially for operators of delivery services with schedules to follow. Not only will this cause slippage in income, but it will also harm your reputation. So finding methods to stop this from occurring pays off. Hopefully, this list has helped you develop a successful approach to safeguard your company against fuel theft. Get in touch with VAMOSYS today to save your business from unnecessary losses.