On September 24, 2017, the international market price of diesel was $68.92 a barrel (one barrel equals 159 litres).
The day’s average exchange rate is Rs.64.09 per dollar, bringing the cost of a litre of fuel to Rs.27.78. The OMCs pay refineries Rs. 28.16 per litre, according to the daily price formula.
OMCs offer it to dealers for Rs. 30.22 per litre after deducting their profit margin, marketing costs, freight, and other fees.
The fuel station dealers then add Rs. 17.33 per litre in excise duty, Rs. 2.50 per litre in commission, Rs. 2.50 per litre in VAT, and Rs. 8.67 per litre in pollution cess, and sell it to customers for Rs. 58.72.
Is diesel cheaper than gas in USA?
Customers who drive a lot of highway miles prefer diesel engines, according to Bell Performance and Road and Track, because they are more efficient on these roads than gas engines. Diesel fuel simply has more energy per gallon than gasoline, making it more cost-effective overall. Diesel engines are still more fuel efficient than gasoline engines, but they are less so for city drivers. Diesel cars also have higher torque, which means they get better gas mileage and accelerate faster.
It’s crucial to keep in mind that some types of diesel fuel can reduce vehicle performance. Black diesel, biodiesel, and other improved diesel products are among them.
Diesel and gasoline are around the same price for most Americans. Diesel can sometimes be more expensive than gasoline, yet it can also be less expensive than gasoline. Even if you pay more on diesel fuel, a diesel engine will still provide better fuel efficiency throughout the life of the car. This is because an 8-liter gasoline engine would be required to produce the same level of power as a 6-liter diesel engine.
Diesel engines, according to Digital Trends, are more durable and endure longer than gas engines, with reliable operation and low maintenance requirements. Diesel cars used to be substantially heavier than comparable-sized gas cars, but thanks to contemporary manufacturing technologies, this is no longer an issue.
Diesel engines also have fewer components than gasoline engines, reducing the number of potential parts that could fail in your vehicle.
Diesel engines often require fewer repair and maintenance services than gasoline engines, resulting in a cost savings.
While early diesel engines had a well-deserved reputation for being noisy, current technology has largely addressed this issue. Noise pollution and dark smoke have been reduced, so if you were concerned about those issues in prior decades, you may wish to reconsider diesel as a viable option. Today, the driving experience in a diesel-powered vehicle is essentially identical to that of a gasoline-powered vehicle.
Which country has cheapest diesel?
Rankings of diesel costs by country The global average for 2016 was 0.87 dollars, based on 160 countries. Iceland had the highest value of 1.63 dollars, while Libya had the lowest value of 0.11 dollars.
Which country has the cheapest fuel?
Residents of Hong Kong pay the highest petrol prices in the world. The cost of a litre of petrol in Hong Kong is $2.618 (approximately Rs 196.55). The Netherlands is in second place, with a litre of gasoline costing $2.256, or around Rs 169.37. With a litre of gasoline costing $2.212 (or 166.07) in Israel, it is the world’s third most expensive country. Norway, Finland, the Central African Republic, Denmark, the United Kingdom, Greece, Iceland, and Sweden are among the other countries on the list.
Venezuela, on the other hand, boasts the world’s cheapest gasoline. In Venezuela, a litre of gasoline costs $0.025 (about Rs 1.88). Syria is in second place, with a litre of petrol costing $0.060 or Rs 4.50. Then there’s Angola, which ranks third in terms of the cheapest gasoline price. In the country, one litre of vehicle fuel costs $0.274 or Rs 20.57.
Why is US diesel so expensive?
On a dollar-per-gallon basis, on-highway diesel fuel costs have been higher than regular-grade gasoline prices virtually continually since September 2004. This tendency contrasts with the prior historical pattern of diesel fuel prices being lower than gasoline prices, with the exception of harsh winters when demand for heating oil drove diesel fuel prices higher. Diesel fuel costs have been higher than conventional gasoline prices in recent years for three key reasons:
- Diesel and other distillate fuel oils have seen strong demand, particularly in Europe, China, India, and the United States.
- In the United States, the move to less polluting, lower-sulfur diesel fuels had an impact on diesel fuel production and distribution costs.
- On-highway diesel fuel has a federal excise tax of 24.3 cents per gallon, which is 6 cents per gallon greater than gasoline.
This Week In Petroleum delves into the world of petroleum markets. This FAQ topic is covered in greater depth in the May 20, 2009 and March 26, 2008 editions.
Other FAQs about Diesel
- Does the EIA provide state-by-state estimates or projections for energy output, consumption, and prices?
- In the United States, how much biomass-based diesel fuel is produced, imported, exported, and consumed?
- How much carbon dioxide is created by gasoline and diesel fuel consumption in the United States?
- How much does a gallon of gasoline and a gallon of diesel fuel cost?
Is petrol car better than diesel?
While petrol automobiles have a lot of power at first, diesel cars have more power in higher ratios. Diesel cars, on the other hand, have a higher fuel economy than gasoline ones. Diesel cars, in contrast to gasoline cars, have a higher resale value.
How much is diesel vs gas?
Compare the benefits and drawbacks of diesel-powered automobiles if you’re in the market for a new vehicle. Consider the following information while deciding between a diesel and a gasoline engine.
Diesel engines, according to the US Department of Energy, consume 30 to 35 percent less fuel than comparable gasoline engines. Diesel engines, by design, have a leaner combustion process, burning less fuel than a normal spark ignition (gasoline) engine. Diesel has a higher energy density than gasoline, which means it takes less fuel to provide the same amount of power, resulting in better overall fuel economy.
Diesel has cost roughly 14 cents per gallon more than unleaded gasoline over the last ten years. Diesel fuel was more than 76 cents per gallon more expensive than gasoline at its peak. Due to greater taxes and environmental regulations, diesel has historically been more expensive per gallon. Diesel is currently 25 to 50 cents more per gallon than gasoline due to lower fuel prices. Another advantage of gasoline is its accessibility; in some places, stations do not always have a diesel pump. If drivers spend too much time seeking for places to fill up, this could reduce their output.
However, the diesel engine’s higher price must be balanced against its higher fuel economy. The incremental cost of a diesel engine in a Class 3-4 truck is $5,000 to $8,000 or more than its gasoline counterparts. Due to exhaust after-treatment technology developed to comply with Environmental Protection Agency (EPA) rules for diesel emissions, the diesel/gasoline pricing gap has roughly doubled in recent years. The higher strength components of a diesel engine contribute to its higher initial cost. Utilize this rule-of-thumb to see if you’ll be able to recoup the greater initial cost of a diesel vehicle: use the mileage break point of 30,000 annual miles. Diesel usually makes financial sense at that threshold. Gasoline is a possible lower-cost option at or below 30,000 miles. Calculate the payback period for your truck’s application using a fuel-cost/comparison study to see if the diesel engine will save you money in a reasonable amount of time.
Regular maintenance on a diesel engine will cost more in the long run than on a gasoline engine. Components on a diesel engine are either not found on a gasoline engine or require more frequent maintenance. A diesel engine’s oil changes are more expensive and are required more frequently. Filters must be replaced more frequently. Furthermore, gaining access to the engine and its components may take longer, resulting in increased labor costs. Engine oil, spark plugs, and coolant service periods are all greater on gasoline engines. Parts are often less expensive and easier to come by.
Why is it believed that diesel engines will survive significantly longer than comparable gasoline engines? Diesel engines require sturdier engine parts, such as block and cylinder heads, valves, crankshaft, and pistons, due to their high compression ratios and cylinder pressure. This is required to disperse the greater engine temperatures and compression ratios that a diesel engine may achieve. Furthermore, because diesel fuel exhaust is less corrosive than gasoline engine exhaust, a diesel engine’s exhaust system will outlast a gas engine’s exhaust system. Another factor that contributes to the diesel engine’s longevity is its operational efficiency. Because diesel engines produce more torque at lower speeds, they operate at lower rpm for a greater percentage of the time than gasoline engines. The lower the engine speed, the fewer times a piston must rise and fall, the fewer times a valve must close, and so on. All of these things happen frequently, but not as frequently as they do in a gasoline engine, which has an impact on total life.
If towing capacity is vital to your operation, the diesel engine is a better option. Diesel engines’ torque advantage makes them more suited to towing heavy loads up steep gradients. Because of the higher compression ratio required to ignite diesel fuel (17:1 diesel vs. 9:1 gasoline), the diesel engine can generate all of its torque and power at lower rpm. When compared to a gasoline engine, which creates more power the quicker it moves, this gives you more power right off the line. While a gasoline truck may be adequate for certain tasks, utilizing one for heavy towing will usually result in drastically reduced engine life and higher gasoline usage.
Which is preferable in terms of resale value? A diesel-powered truck with 150,000 kilometers on it has far longer remaining useful life than a gasoline-powered truck with similar miles, according to the market. As a result, diesel has a higher price tag. Diesel trucks are required by a wide range of businesses and industries for towing and greater payload. Many of these businesses are smaller and, as a result, have a limited fleet budget; as a result, they will be shopping for older vehicles. This means there’s a better chance of attracting a broader buyer base, increasing demand, and hence commanding higher premiums. Higher resale value Equals longer lifespan, heavier duty parts, and more power.
What is the cost of 1 litre petrol in Pakistan?
According to a notification from the finance ministry, the new price of petrol is Rs145.82 per litre after the hike.