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In Armenia, for example, the transport ministry estimates as many as 20 to 30% of vehicles use autogas, because it offers a very cheap alternative to both diesel and petrol, being less than half the price of petrol and some 40% cheaper than diesel. The recent [when?] rises in oil-derived fuel prices has significantly increased the difference.
Many governments impose less tax on LPG than on petrol or fuel-oil, which helps offset the greater consumption of LPG than of petrol or fuel-oil. However, in many European countries, this tax break is often compensated by a much higher annual tax on cars using LPG than on cars using petrol or fuel-oil.
Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]
Getty Images An unexpected gift consumers received at the end of 2014 was a steep drop in oil prices, which, as always, has led to declines in the costs of their derivatives. One big benefit ...
Instead, very-low sulphur fuel oil (VLSFO) has emerged as a dark horse to challenge MGO as a replacement for high-sulphur fuel oil, with a 3.5% sulphur limit, once the switch begins in 2020.
The fuel costs less than regular gasoline, but LPG has lower energy per unit volume, so its fuel economy and efficiency are lower. LPG gives a longer engine life due to its clean-burning characteristics. The main difference between these vehicles and others is in their fuel storage systems. LPG is a gas at room temperature, but a liquid when ...
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It may be obtained from the heavy gas oil cut, [7] or it may be a blend of residual oil with enough number 2 oil to adjust viscosity until it can be pumped without preheating. [8] This fuel is sometimes known by the Navy specification of Bunker B. Number 6 fuel oil is a high-viscosity residual oil requiring preheating to 104–127 °C (219 ...