Category : Best Start-Up Innovation
Innovation Title : My Fuel Pump Limited
Organization : My Fuel Pump Limited
My Fuel Pump facilitates doorstep delivery of fuel for industries to minimize diesel loss and make the procurement process more efficient & streamlined. Its customers can order the required amount of diesel on the app and track the delivery at real-time. MFPL has customized bowsers to minimize diesel loss and Smart Fuel Dispensers to make transactions fast and easy. The successful implementation of doorstep diesel delivery has led to protocol-driven safe and legal modes of diesel door delivery. Replacing human interventions made by customers as well as retailers over the years, with automated solutions, reduces the chances of making mistakes done through manual work. My Fuel Pump option of diesel door delivery helps reduce congestion on the road and it helps keep all stakeholders satisfied by saving them money and time. The core serviceable sectors are Communication, Agriculture, Aviation, Hospitals, and Construction sites, Hotels, Manufacturing, FMCG, Large Corporates, Banks and Schools. The Total Diesel Market Size is U$4.5 billion. The potential of digitalization in this sector is profound as related industries push for more efficiency in the context of resources and time.
Be able to curate path-breaking yet cost-effective solutions that help resolve the issue of wastage of diesel which happens due to spillage during transportation and incorrect operations. MFPL’s Business Model serves both B2B & B2C, with plans underway for national delivery and more. with 15% market share in diesel sales alone, this can become a $700m/year company.
My Fuel Pump brings the country’s first on demand online fuel delivery service for your Generator/Fleet vehicles/Heavy Earth Moving Equipment, Agri Plant etc. In a safe, reliable, and efficient way. One can place his/her order online and get fuel delivered at the location in specialized Refuellers according to his/her chosen schedule.
MFPL is on a Three-Year Plan to expand nationwide and introduce more technology in fuel delivery.
■ Year 2022: introduce automation in tanker, lpg and verified refueling services, with focus on dhaka.
■ Year 2023: gradually expand other divisions.
■ Year 2024: network of smart tankers, introduce smart. Storage System, Potential Ev Solutions.
My Fuel Pump is the first IOT enabled on demand fuel delivery platform trying to automate the supply chain system of the fuel sector from the year 2021. With the following services, My Fuel Pump is delivering LPG cylinders to doorstep of the customers; Verified Refueling is the other service where the customer can locate their surrounding Petrol Pumps with facilities and fuel they require. Avoiding any kind of hassle and traffic; they can go through the priority lanes of the petrol pump and collect fuels to the nearest My Fuel Pump Verified Petrol Pumps all over Bangladesh. Corporate Client can order in one single platform to order fuel monthly, they can go to any My Fuel Pump Verified Petrol Pump on their way all over Bangladesh.
Result and Impact
■ MFPL’s fleet customers save $10,000s annually by bypassing lines and pilferage at fuel points.
■ Fast and transparent customer order process.
■ Direct delivery to household and industry customers.
■ 5% per liter fuel saved (as petrol pump said system loss).
■ Reducing carbon emission by 1.2 litters dead milage avoided.
■ Depo quality fuel.
■ Assurance of transit safety.
■ Generating employee in energy sector.
■ Making digital bangladesh.