Fuel-Marking Programs: Helping Governments Raise Revenue, Combat Smuggling, and Improve the Environment
Many countries face national fuel supply chain problems. For developing economies in which every dollar counts, fuel fraud can substantially reduce a government's total revenues.
To prevent fuel fraud, governments have developed comprehensive fuel-marking programs, using advanced technology molecular markers and sophisticated management systems that result in timely, actionable intelligence, allowing governments to mitigate tax evasion and subsidy abuse, minimize financial losses, and raise revenues.
A robust fuel-marking program provides a government with a comprehensive approach that analyzes each stage of the supply chain, beginning with the country's refineries or fuel depots, and extending to the eventual sale of fuel products at the retail level. The ultimate effectiveness of a fuelmarking program is realized when it mitigates fuel fraud, resulting in the return of stolen revenues to state coffers.
Also in this Series
- Exit Strategy to Ease or Eliminate Tax Responses to the COVID-19 Pandemic
- Engaging Civil Society Organizations to Enhance the Effectiveness of COVID-19 Response Programs in Asia and the Pacific
- Restoring Confidence in Public–Private Partnerships: Reforming Risk Allocation and Creating More Collaborative PPPs