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Why Fuel Security and Why Now? |
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Some counterfeiting simply steals revenue from legitimate brands. Some counterfeiting puts customers in danger. Gasoline, oil, diesel and any other liquid that can be classified as fuel falls into the latter category. Counterfeit fuel can contain harmful materials that will at best not perform as expected and at worst will cause severe damage that can lead to serious accidents. Fuel counterfeiting and smuggling is more of a threat now than ever.
It has been proven that price increases lead to increases in counterfeit activity. We can expect a big surge in fuel counterfeiting if oil prices continue on their current upward trend. Fuel counterfeiting and smuggling is most prominent in Europe where fuel prices have always been high due to high taxes. Now global prices are starting to reach previous European levels and European prices are getting even higher.
The world is changing before our eyes. These changes are straining the world's fuel resources and raising the price of fuel.
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