PEF(M)B

Petroleum Equalisation Fund (Management) Board

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Project Aquila In Your Business Interest

The Petroleum Equalisation Fund (Management) Board introduced ‘Project Aquila’, an innovative e-business solution, to enhance service delivery to our stakeholders. It is an efficient system of managing products distribution and payment of Marketers’ claims. It confirms the loading and delivery of petroleum products at the depots. It was initiated to check leakages, enthrone transparency and due process while transforming the Board’s operations. Aquila is not a tracking device to monitor movement of trucks or goods in transit.

Aquila, a Latin name for Eagle was chosen in view of the bird’s strength, speed and accuracy.

Equipments Required

  • Radio Frequency Identification (RFID) Tags for Trucks
  • RFID Reader
  • CN3 Mobile Device

Benefit of Aquila to PEF(M)B

  • Efficient service delivery
  • Ability to plan cash in- flow and out-flow
  • Easy processing from manual to electronic processing
  • Eliminate human errors/interferences
  • Effective data management
  • Cost reduction particularly in transportation and printing of documents
  • Achieve marketer satisfaction
  • Promote a healthy working environment

Benefit of Aquila to Marketers

  • Faster claims processing
  • Faster payment of claims
  • Transparency of processing
  • Reduction of human errors in processing/interferences
  • Eliminate wastage

Benefit of Aquila to Oil industry and the Nation

  • Availability of information/data management for planning purposes
  • Ensure adequate supply of petroleum products across the country
  • Encourage uniform prices of petroleum products across the country
  • Aid marketers’ business with prompt payment of claims
  • Check diversion of products
  • Increase synergy amongst stakeholders in the petroleum downstream sector

Aquila is indeed in your business interest…

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Petroleum Equalisation Fund (Management) Board