Fuel pilferage is a critical issue in the oil and gas distribution industry, costing businesses billions globally each year. According to a report by PwC, fuel theft can account for up to 5-10% of total fuel expenses in large distribution companies, amounting to significant financial losses over time. For the oil and gas sector, which operates on thin margins, these losses can cripple profitability, disrupt supply chains, and erode client trust.
Operationally, fuel pilferage affects delivery schedules, reduces the efficiency of fleet operations, and results in higher maintenance costs. A study from the Energy Institute revealed that nearly 30% of fuel-related issues in distribution are linked to theft or unaccounted fuel loss. This not only impacts day-to-day business but also jeopardizes relationships with key stakeholders in sectors like manufacturing, government, and transportation.
Moreover, fuel pilferage exposes businesses to reputational risk. Clients in sectors like manufacturing and public services expect seamless operations. Any hint of inefficiency or lack of security can push them to competitors who offer more reliable services.
Fortunately, advancements in telematics technology offer a solution. At Oryo Limited, we provide integrated fuel and fleet management solutions designed to mitigate fuel theft. Using real-time fuel monitoring, businesses can detect irregularities immediately and take preventative action. According to a FleetComplete report, businesses using telematics solutions have reduced fuel theft by over 25% while improving overall fleet efficiency.
Don’t let fuel theft eat into your profits and reputation. Our cutting-edge telematics solutions offer real-time monitoring, robust security features, and actionable insights. Contact us today to learn how we can help safeguard your fuel and optimize your fleet operations for maximum efficiency and profitability.