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This data analytics company wants to disrupt the retail fuel industry in Africa

This data analytics company wants to disrupt the retail fuel industry in Africa

From fuel tankers shortchanging fuel stations on a daily basis to fuel purchase irregularities frequently occurring among vehicle fleet drivers, the retail fuel market in Nigeria is peopled with problems.

According to estimates, the average monthly volume sold from a retail fuel station in Nigeria is 300,000 litres, yet fuel stations lose 2% of average sales as a result of sabotages, stealing from fuel tanks, and shortages created from fuel tankers, thereby posing a huge threat to the retail fuel market.

For example, a fuel station could pay for 35,000 litres of fuel supply, but receive 34,000 litres from the fuel tankers — a trend that government policy has not been able to tackle nor has the country’s petroleum regulator, NNPC been able to eliminate.

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