4 Tips For Cutting Down Your Fuel Costs

Posted on Posted in Concept Nova Tips&Tricks

Whether you’re a fleet manager, a business owner, or a business manager, there’s no doubt that you are looking to cut down high fuel costs and its implications on the finances of the business you own or run.

Contrary to popular belief, fuel costs in Nigeria are manageable. They don’t have to overwhelm your business.

These pro tips will help cut down on your fuel budget.

1.) Improve Record Keeping

You should know how much fuel you need per month to the exact litre; and to that effect, how much you buy, and how much you use exactly. You might notice losses and start to wonder if your staff is stealing from your fuel inventory at first, but with meticulous record keeping, that can be eliminated. Record keeping is important because every fuel theft and misuse takes away from your profits.

2.) Track All The Vehicles In Your Fleet

Vehicle Tracking is important because, in addition to knowing where all your vehicles are at any given time, it also helps you eliminate waste. Unnecessary idling might seem like nothing big, but those minutes your vehicles spend doing nothing with the engine running add up, and the results will definitely reflect on your fuel consumption and by extension, your fuel costs.

3.) Maintain and Service Your Vehicles and Generators

A well-serviced machine is running in the best shape, and that includes making the best possible use of the fuel in its tank. When you maintain your vehicles and generators regularly, you cut down expensive repair costs in the long run, and these machines make effective non-wasteful use of your fuel.

4.) Invest in a Fuel Manager

While it might seem expensive to commission and install, a fuel manager will really help your fuel costs in the long run. A fuel manager can also help give you accurate reports on how your fuel is being used. You can get alerts on instant fuel drops, turn your engines on and off remotely, and get reports of how every single drop of fuel in your stationary and mobile tanks is being utilized.

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