Fleet Cost Calculator: What Is Your Fleet Really Costing You?
Bamikale Amupitan, Founder, LivMot · 2026-11-05
Most fleet owners know their fuel bill to the Naira. Very few know how much of it, and how much of their repair budget, is money they never needed to spend. Enter two numbers below and see your estimate in under a minute.
How the estimate works
The calculator adds up three losses that show up in almost every fleet we work with. Each one is preventable.
- Fuel theft and siphoning, about 8% of fuel spend. Fuel drawn off at stops, at depots or through collusion at the pump.
- Driver inefficiency, about 5% of fuel spend. Engines left idling and routes padded with extra kilometres.
- Unmanaged incidents, about ₦180,000 per vehicle per year. Avoidable accidents, repairs and the downtime that follows.
These are industry averages, not your exact numbers. Fleets with long-haul routes or many drivers per vehicle usually sit above them.
What to do with your number
Start with the biggest bucket. For most fleets that is fuel, which is why fuel-level monitoring pays for itself fastest. Incidents come next: with dashcam video evidence, a disputed accident takes minutes to settle instead of weeks.
Frequently asked questions
How much does fuel theft cost a fleet?
Fleet operators typically lose around 8% of total fuel spend to theft, siphoning and unauthorised use, with a further 5% lost to route padding and idling. For a fleet spending ₦2,500,000 a month on fuel, that is roughly ₦325,000 a month before any incident costs.
What does an unmanaged vehicle incident cost per year?
Across a mixed fleet, preventable incidents, accidents and avoidable repairs average around ₦180,000 per vehicle per year. The calculator multiplies this by your fleet size to estimate your annual incident exposure.
How do I calculate what my fleet is really costing me?
Add three preventable losses. Fuel lost to theft (about 8% of fuel spend), driver inefficiency from idling and route padding (about 5%), and the annualised cost of unmanaged incidents (about ₦180,000 per vehicle). The calculator does this from your fleet size and monthly fuel spend.