Introduction:
International damages related to fuel theft are projected to be around more than $100 billion globally. This involves diluted, lost, or defrauded petrol. Fuel Theft can be described as an act of unlawfully siphoning or stealing fuel from the fuel tanks. Criminals use a range of tactics to accomplish this goal, including tank puncture. While the robbers will profit tremendously from this criminal operation, corporations operating fleets of cars are experiencing massive losses. It is also wise that steps should be set in order to put an end to this practice.
How to Put an End to Such Practices?
Being one of the very common practices, you must put an end to fuel theft. Common measures that are being used to avoid this problem are the fuel caps, but they are not 'very successful' as a robber may always perforate the tank, extract fuel, and ruin your vehicle with much more severe damage. Considering the costs of future damages and eventual losses, businesses must set in place stringent safeguards to discourage this activity. Some of the practices which we recommend are:
• You can use the fuel dyes to prevent misuse or keep track of the fuel. These can certainly deter the illegal trading of fuel and also can reduce fuel adulteration. It also makes sure that government authorities can collect the right amount of revenue from the excise taxes.
• Installing CCTV cameras can also help you to reduce the chances of fuel theft. It will also allow you to get video proof of accidents along with that of fuel thefts. This can help you cope with auto insurance concerns that you might face.
• There are sophisticated fuel tracking and anti-siphoning smart devices that you can use to restrict or deter malicious access to your fuel tanks. For instance, a fuel tracking process will allow you to track all existing fuel levels in your fleet.
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