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Petrol Vs. Diesel – The Economics

Last Modified: Fri, Apr 29 2016.
Petrol Vs. Diesel – The Economics

  • Petrol Vs. Diesel – The Economics
  • Petrol Vs. Diesel – The Economics
  • Petrol Vs. Diesel – The Economics
  • Petrol Vs. Diesel – The Economics

Besides having their own technical advantages and disadvantages, lot of people presume that its cheaper to own a diesel car compared toa petrol car. But lets evaluate whether its really true, especially when the gap between the cost of petrol and diesel has significantly reduced

Cost factors that have been considered for the anlayis include

  • On-road price for petrol & Diesel variants
  • 20% payment made upfront, balance 80% is taken on loan (Loan period of 7 years)
  • Interest rate on loan and opportunity cost on the upfront payment
  • Monthly usage of 1500 kms
  • ARAI stated car mileage for both powertrains
  • Market cost of both the fuels
  • Maintenace cost of both vehicles (including cost of key spares required over the period of ownership)
  • Insurance Cost

Considering above costs over the period of ownership, the breakeven period for a diesel car comes close to 9 years, which clearly means at current fuel costs level, it is not very economical to own a diesel car, as againts the popular belief. So when is it viable to own a diesel car. The chart below gives you a rough idea on what driving range and at what fuel cost difference it is more economical to own a diesel car

Petrol Vs. Diesel – The Economics

It is clearly eveident from the chart above, that until and unless you are driving more than 2000 km a month, it's not economical to own a diesel car. Whereas if you are driving, more than 2000 kms a month, you can get your payback in less than 6 years. In future if the gap between the two fuel prices gets smaller, diesel powertrain would continue to lose its economical tag over its petrol counterpart

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