An apparatus, system and method for measuring quantity of a material are disclosed. One or more sensors are used to measure the quantity of the material are measured and error causing parameters are also measured. Error causing parameters are processed by executing one or more correction methodologies to determine a correction output. The quantity of the material is measured by using the correction output. One or values associated with the quantity of the material are measured and displayed. The one or more values are transmitted to a server and informative messages are received from the server.