Overcome Fuel Theft and What to Do If It Happens

A corporate VP wound up in a troublesome circumstance that influenced him to ponder which representatives he could trust and which he ought not. Following a few long stretches of anxiety over the issue, he asked for a night-time meeting with his CEO, a man he significantly respected and to whom he had exhibited wild devotion.
In the wake of clarifying the current issue, he asked the CEO, “How would you know who you can trust?”
The answer dazed him. “I don’t confide in anybody.”
“Anybody? Be that as it may, that would incorporate me!”
“Indeed, it does. Yet, in any event you have your answer and I suggest that you do likewise.”
The CEO added that he had a tendency to depend more on the general population who persistently gave him the best thinking, thoughts, execution, and results. He likewise trusted that knowing the numbers made it less demanding to perceive the distinction between whom he ought to or ought not trust in any given circumstance.
Review Says:
An ongoing review of armada chiefs by Software Advice uncovered that an astounding 53 percent reacted that fuel costs surpassed projections “to some degree” or much of the time. Fifty-four percent concurred that they were either “to some degree” or “exceptionally” worried that fuel robbery was a noteworthy contributing variable (See diagram).
The fleet managers surveyed had a few ideas about how to address the problems they perceived. Common responses included:
Twenty-seven percent of survey respondents say that improved data collection and analytics is a top benefit of fleet management software.
Another 27 percent say that improved budgeting is a major advantage of using a fleet management solution.
Seventeen percent of respondents say enhanced employee monitoring capabilities is a worthwhile benefit of fleet management software.
What Kind of Actions Should Fleet Managers Consider?
What constitutes appropriate action? Here are some basic guidelines:
Establish and publish benchmarks for fuel consumption and expect them to be met.
Develop and enforce fuel policies. Be clear and consistent.
Expect every transaction to be documented in detail.
Install anti-theft devices, including anti-siphoning hardware and fuel level sensors.
Do the math. Know to a certainty if you are losing, how much you are losing, and what it is costing you.
Beware of skimming.The biggest problem we see is not theft of the whole tank of fuel, but skimming, where 20-50 gallons are stolen in just a few minutes. Unfortunately, these incidents often go unnoticed by the fleet or owner-operator because quantities are small. Fuel management systems might pick this up as poor fuel economy, maybe 2-4 percent of fuel consumption. It is significant, but perhaps not enough to alert you to a theft problem.” – Trucking Info
Be smarter than the thieves. Check every aberration. If a driver is stealing fuel, expect him to find creative ways to do so. Note that the term was “creative,” not necessarily smart. One driver hid another fuel tank under his truck. The same driver found a way to rig fueling pumps to register no more than 1.5 gallons, even though he pumped 100.
Use fuel cards.
Implement advanced technology such as EFS’ SecureFuel theft prevention technology solution
Ensure that your IT system is adequately protected against intrusion.
Recognize the Problem, then Manage It
A man without the facts can easily be fooled. It does not matter whether the loss you are experiencing is 1,000 gallons a month or 10,000 gallons a month. The amount of loss is probably proportionate to the size of your company. Twenty-first century technology now makes monitoring, measuring, and analyzing easier than our predecessors could have imagined. Keep up with the technology. Stay on top of your numbers. Stay ahead of the thieves. Help your company operate more efficiently and profitably.