Which Car Is Better To Buy Petrol Or Diesel?
The gap between diesel and petrol prices among car buyers in India plays a big role. Probably a factor as to why they’re doing so poorly is because of the low cost of fuel and the cost of running the car. But will the general opinion change after the implementation of India Stage 6 emission standard in the country? Let us know the fact.
The price gap between petrol and diesel has narrowed a lot in recent years. Where in the financial year 2012-13, there was a gap of Rs 25 between petrol (66) and diesel (41). In the 2019-20 financial year, it dropped to 7. This year, petrol is priced at Rs 73 while diesel is priced at Rs 66.
Due to the narrowing gap between the prices of the two fuels, people’s priority has become petrol cars instead of diesel. While the share of petrol cars in the market was 42% in 2012-13, it increased to 70.5% in 2019-20. More than 28.5% in the last 8 years clearly show that more buyers are preferring petrol over diesel.
How to choose the right car
Deciding which tax to choose between petrol and diesel is important to understand the total cost of owning a car. Under this, this thing will be calculated.
The price of the car
This car has an on-road price, which you pay. In addition to the ex-showroom price of the car, it includes other features including insurance, road tax, registration, accessories, fastag.
The finance cost of the car
Under this, if you buy a car at a finance price, it includes higher interest on the car price and loan processing fees and other charges.
This is determined on the use of your everyday car. These include fuel prices and the car’s fuel capacity.
The country’s largest car maker Maruti Suzuki has released a calculation. In which the customer is told to take care of this thing. Which car will be beneficial for him? I.e. petrol or diesel. This calculation gives you not only the distance between petrol and diesel but also the number of kilometers it will take to recover the extra amount paid by Tamar for a diesel car.
Understand the whole thing this way
- The gap between petrol and diesel cars depends not only on the cost of fuel but on a lot of things.
- First of all the calculator asks the car buyer’s location i.e. district and region.
- Then the car variant is taken. For example, Swift took the petrol LXI variant and took the variant price in front of the diesel.
- Now comes the running cost. In addition to the fuel efficiency of the car, the latest price of petrol and diesel and the daily running distance are written in it.
- Then the finance value is added. It shows the EMI on the loan you have taken, with time and interest attached.
- Now you come across the result, which shows whichcar will be the most profitable deal in terms of cost and running cost.
- As in the case of the Swift, it pays an extra Rs 1.45 lakh to buy a car. To recover this price, the buyer has to run 50 km per day for more than 10 lakh 8 months. That means driving 1.97 lakh km.
So if you are also thinking of buying a car and are confused about petrol and diesel, you can easily make a deal with this calculator.