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How can fuel monitoring systems help in reducing business costs?

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Fuel costs are the lifeblood of any fleet operations, often consuming a substantial portion of the budget- nearly 40% in many cases. Besides this, the events of fuel thefts further burden fleet managers, making it difficult for them to carry out their operations efficiently. So, what can be the way of preventing thefts and reducing fuel costs?  In this article, we’ll throw light on the role of fuel monitoring systems in solving these challenges and reducing business costs. So, let’s begin;  What’s the Buzz about the Fuel Monitoring System?  Before we dive into the nitty-gritty of cost savings, let’s unravel the secret behind these superhero systems. Think of them as your fleet’s personal detective. It uses a combination of hardware (sensors) and software to gather fuel consumption data for your vehicle.  The fuel level sensors are installed in the fuel tank through which the fleet managers get notified when the fuel gets poured into the tank and when it gets taken out from the tank.