As petrol and diesel (fuel) prices reach an all-time high, the cost of operation in the transport and trucking industry is a major concern. With fuel expenses accounting for a large part of fleet operational budgets (about 60%), the spike in fuel prices has a direct impact on the profitability and success of the business.
On October 2023, the price of fuel reached an all-time high, a liter of diesel jumped by Ksh21.32 to Ksh200.99 ($1.37) in Nairobi while that of super petrol rose by Ksh16.96 to Ksh211.64 ($1.4). The rise was due to a hike in taxes, VAT to 16%, and the weakening shilling.
The price of fuel has been steadily rising since 2019:
Fuel and Petroleum Transport
In Kenya, we currently have over 60 registered Oil companies, with the most known companies including but not limited to Rubis, Total, Shell, National Oil Corporation, Engen, and Ola Energy.
These companies have outlets in major towns across the country and they usually transport their petroleum products using trucking fleets.
In transporting petroleum products across Kenya, fuel management and security are important. Most companies in this industry deal with challenges like fuel theft, rising fuel costs, and the need for precise reporting.
In this scenario, Tracking Hub’s solutions are vital in addressing these challenges.
Our fuel monitoring, GPS tracking, and camera surveillance solutions can enable fleet owners and managers to optimize operations and cut costs. You can monitor the truck route, check for inconsistencies, and track the fuel use.
Benefits of Fuel Monitoring:
Fuel is the lifeblood of any transport operation, and Tracking Hub’s fuel monitoring solutions are well-suited to ensure it is used efficiently.
The technology provides real-time insights into fuel consumption, effectively curbing wastage, unauthorized usage, and the ever-present threat of fuel theft.
Fuel use per trip, Refiling and drains.
This isn’t just theoretical; companies employing Tracking Hub’s fuel monitoring technology have reported savings of up to 20% in fuel costs.
GPS Tracking for Enhanced Security and Efficiency:
While fuel monitoring tackles one phase of the industry’s challenges, Tracking Hub’s GPS tracking adds a layer of security crucial for the transportation of valuable petroleum products.
Real-time tracking not only prevents theft but ensures that the fleet arrives at its designated destination.
This minimizes the risk of diversions and unauthorized stops. The incorporation of GPS tracking with route optimization further smoothens operations, reducing fuel consumption and, consequently, operating costs.
Studies show that fleets employing such technology experience a 15% reduction in fuel consumption, translating to significant financial savings.
Camera Solutions for Safety and Accountability:
Safety is non-negotiable in fuel transportation, and Tracking Hub’s camera monitoring solutions offer an extensive approach.
These solutions not only to enhance safety during transportation but also provide invaluable evidence in the unfortunate event of accidents or disputes.
Beyond safety, the integration of camera systems with other monitoring solutions amplifies accountability in fleet management
Route Optimization for Cost Reduction:
Optimizing routes is a game-changer in the pursuit of cost reduction. Tracking Hub’s route optimization feature employs historical data and real-time updates to identify the most efficient routes, resulting in fuel savings.
Companies adopting this technology have reported up to 25% reduction in fuel consumption, illustrating how route optimization is a crucial tool in the quest for cost-conscious fleet owners.
Visibility and Accurate Reports:
The true power of Tracking Hub’s solutions lies in providing fleet owners with exceptional visibility into their operations.
The combination of fuel monitoring, GPS tracking, camera solutions, and route optimization produces accurate and extensive reports.
These reports encircle fuel consumption data, route history, driver behavior, and more.
Equipped with this wealth of information, fleet owners can make data-driven decisions that save costs and enhance operational efficiency.
Conclusion:
Tracking Hub’s comprehensive solutions offer more than just individual tools; they provide an integral approach to the challenges faced by companies in the petrol and diesel transportation sector in Kenya.
Fleet owners can transform their operations by investing in fuel monitoring, GPS tracking, camera solutions, and route optimization, achieving significant cost savings and operational efficiency.
As the industry evolves, Tracking Hub stands as a reliable partner, encouraging fleet owners to embrace these solutions and propel their operations to new heights of success.
The road to efficient and cost-effective petrol and diesel transport begins with Tracking Hub’s comprehensive solutions.
