How Fleet Owners Prevent Fuel Wastage and Reduce Fuel Costs

How Fleet Owners Prevent Fuel Wastage and Reduce Fuel Costs

How often does it happen to you that the actual fuel expense exceeds the cost that you estimated? Do you feel diesel takes the biggest bite from the monthly budget of your fleet? And rising fuel prices making things worse?

It’s not just you. Most fleet owners and transporters dwell in the same dilemma. However, many fleet owners have found a way out. They discovered the loopholes in the operations and looked for the right solution to the problems. Imagine if you improve the fuel efficiency of your entire fleet by 1%, imagine the amount of money you would save annually. The far-sighted fleet owners actually did it! 

We’ll do the same. Let’s take the same route that they took. 

The Key Factors that Cause Excess Fuel Consumption

Excess Fuel Consumption

  • Driver Behaviour

Engine idling is one of the biggest reasons for fuel wastage. Do you know that 10 seconds of idling consumes more fuel than restarting the engine? On the other hand, overspeeding, sudden acceleration, fast brakes, and rash driving result in excessive fuel consumption. Aggressive driving not only results in unforeseen accidents but also other monetary losses. 

  • Ignoring service and maintenance

Avoid last-minute vehicle breakdowns and enhance fuel efficiency by not ignoring scheduled servicing and regularly taking vehicles for maintenance. Fuel leakage, clogged filters, inflated tyres, corroded parts and more such factors negatively impact fuel efficiency. 

  • Delays and Long Routes

Are you wondering how delays affect fuel consumption? When drivers take unreasonably long breaks or delay the delivery for any reason, they tend to drive fast and recklessly to meet the ETA. Drivers tend to take longer routes or de-tours for personal reasons. If this happens frequently, you are losing a substantial amount of fuel in this case that you are unaware of.   

  • Fuel Drainage & Theft

Fuel theft is a persistent problem in the transport business. No wonder fuel is called Black Gold. It’s not wise to ignore fuel leakages or disguised drainage, as the skyrocketing prices of petrol and diesel cost a bomb. 

Drivers have discovered innovative ways to steal fuel and go unnoticed. Here are a few:

  • Manipulation of fuel invoices
  • Direct pilferage from fuel tanks
  • Tampering with Odometer to justify mileage

When we look at these issues individually, they don’t seem to make much difference. If you see them collectively, imagine the size of the hole they are burning in your pocket. Instead of cutting costs to maintain the profit margin, why not optimize fuel management, invest in the solution and resolve the root cause? 

What’s the Solution?

Now that you have figured out the pain points, let’s track down the solution. There is only one solution to all the above-mentioned scenarios, which is fuel management software. Advanced fuel monitoring software has a fix for every fuel-related problem. 

We can not do much about fluctuating prices but, improving driving habits alone can enhance fuel efficiency by 20%. It will reflect in your overall swelling profit.

Fuel Monitoring Software is a technology introduced to optimise fuel management for fleet managers. It tracks real-time fuel levels, provides consumption and refill reports and helps keep fraudulent activities at bay. Let’s discuss the significance of a fuel monitoring system. 

The Benefits of Fuel Management Software

Fuel Monitoring System

  • Accurate Fuel Reports

All this while, fleet owners have been running their fleets on assumptions and on data that was presented to them. With an intelligent Fuel Monitoring System, you get accurate insights in real-time straight from the vehicle. Not just that you get consolidated fuel reports providing essential details related to consumption, mileage and refills. This negates manipulation and helps in making informed decisions. 

  • Reduced Operations Cost

Our clients have reported more than a 20% reduction in fuel costs ever since they upgraded to a fuel management system. You plan trips decisively as you get real-time fuel updates and daily reports. 

  • Real-time Fuel Monitoring

You get real-time updates on fuel level with location and vehicle status. Fleet managers can remotely monitor fuel levels from anywhere with the help of a GPS tracking system

  • Say No to Fuel Theft

It will be impossible for drivers to steal fuel and go unnoticed. Whenever a  sudden drop in fuel levels is detected, you are notified then and there. This helps in taking immediate action. In fact, you can question the driver later with proof in hand.  

  • Alerts when there’s Fuel Refill and Drain

You are notified with an alert every time there is an uncalled-for attempt to steal fuel or in case of excess fuel drainage/leakage. You will get the exact time and location when the sudden drop was reported. 

Let’s take an example. 

For instance, Driver A drives ‘Vehicle Z’ with an average of 3 km/l daily whereas, Driver B delivers an average of 4 km/l on the same vehicle as well as other vehicles. That means the issue is in Driver A’s performance, on the contrary, if the vehicle gives an average of 3 km/l that indicates the problem is with the vehicle. 

This was just one vehicle, how do you think this can be traced and analysed with a fleet of a thousand vehicles? That’s when Advanced Telematics come into play. 

You’ll get complete Telematics solutions from GPS Tracking to Fuel Monitoring, Driver’s Behaviour and much more with a future-proof solution. TrackoBit is the most sought-after Fuel Monitoring Software that is popular for its accuracy and 99.9% uptime. It helps fleet owners make informed decisions, calculate every move during the planning process and optimize fleet management.  

Let’s join forces. Say goodbye to worrisome days and sleepless nights due to spiking fuel costs. Let technology take all the pain.

How Fleet Owners Prevent Fuel Wastage and Reduce Fuel Costs

Diksha Bhandari

Currently creating SaaSy content strategies for TrackoBit and TrackoField, this content professional has dedicated a decade of her life to enriching her portfolio and continues to do so. In addition to playing with words and spilling SaaS, she has a passion for traveling to the mountains and sipping on adrak wali chai.

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