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.
Why is diesel so expensive?
The cost of diesel fuel is higher. Diesel fuel is subject to a higher federal excise tax than gasoline (24.4 cents per gallon vs. 18.4 cents per gallon for gasoline), and diesel fuel is occasionally subject to a higher state tax.
Is diesel cheaper than petrol?
At the pump, petrol is normally a few pennies cheaper than diesel, but diesel engines are generally more efficient than petrol by a significant margin. That implies a diesel model will almost probably be less expensive to maintain, even if you only go a moderate distance. According to experts, if you drive 10,000 miles a year, a supermini-sized car will save you around £250 in fuel expenditures over three years. If you upgrade to a family hatchback like a Ford Focus or a VW Golf, you’ll save around £500. If you choose a medium-sized SUV like the Nissan Qashqai, you might save around £900 on diesel.
Given the pricing differences, it makes the most sense to choose a diesel if you drive much more miles per year than the typical 10k, and especially if you do so in a larger vehicle. If your mileage is typical, the cost of buying and selling evens out, and there’s usually no financial benefit to buying the more expensive diesel.
Why is red diesel illegal?
Why is it unlawful to use red diesel? Because it is not taxed, red diesel is prohibited to use in on-road cars. The use of it in on-road engines is regulated by the federal and state governments. On-road vehicles cannot be supplied with this sort of fuel by distributors or merchants.
How much is a gallon of milk cost?
January of the year 2022 Highlights: Conventional whole milk costs $3.82 per gallon, conventional reduced fat 2 percent milk costs $3.78 per gallon, organic whole milk costs $4.26 per half gallon, and organic reduced fat 2 percent milk costs $4.26 per half gallon in the United States.
What is the rate of 1 litre diesel in 2020?
Petrol and diesel prices in metros remained steady on Wednesday, with diesel still being more expensive than petrol in Delhi. Since returning to the customary practice of daily reviews after a 12-week sabbatical, state-run oil marketing corporations have raised petrol and diesel prices in metros on most days. According to notifications from the state-run Indian Oil Corporation, the country’s largest gasoline retailer, the price of petrol in the national capital is currently Rs 80.43 per litre, while the price of diesel is Rs 80.53 per litre. (Also see: How To Find The Most Up-To-Date Petrol And Diesel Rates In Your City.)
Is diesel going to be banned?
Nobody expects diesel to be officially outlawed, though some cities are likely to make the dirtiest types illegal. AdBlue and diesel particulate filters (DPF) are technologies that are designed to filter out soot particulates and nitrogen oxides (NOx) emissions, which have been related to health problems.
Is diesel fuel flammable?
A lit match will go out if thrown into a puddle of diesel fuel. This is due to the fact that diesel is far less combustible than gasoline. It needs a lot of pressure or a long flame to ignite diesel in an automobile.