NB specifically relavnt to Austrlains rather than Europeans as we currently
do not have the CO2 taxes etc that countries like the UK put on car emissions
THE increasing disparity between petrol and
diesel pump prices due to soaring demand for
diesel fuel in Asia has dramatically increased
the length of time it takes to recoup the extra
cost of purchasing diesel cars, a GoAuto
investigation has revealed.
The retail price of diesel in Sydney last week
reached $1.80 per litre – up to 35 cents more
than unleaded petrol at the same sites – and
experts predict the recent earthquake in China
could further increase the demand for diesel
there and therefore its retail price here.
The soaring cost of diesel, which has on
average increased more than 17 per cent so
far this year – far outstripping petrol but still
well below the international benchmark diesel
price rise of 40 per cent in Australian dollars in
2008 – has also attracted the attention of petrol
commissioner Pat Walker.
Last year, sales of petrol passenger cars to
business purchasers rose by more than 88 per
cent and sales to private buyers increased by
almost 63 per cent. Sales of diesel passenger
cars to private buyers have risen more than 50
per cent so far this year while private petrol car
sales have dropped by fi ve per cent.
In February, BMW predicted that diesel
models could comprise up to 80 per cent of its
sales within fi ve years and SsangYong has this
year repositioned its brand to offer an all-diesel
range. Data provided exclusively to GoAuto by
JATO Dynamics reveals that many European
brands are more reliant on diesel car sales than
ever. Peugeot increased its mix of diesel vehicle
sales from about 11 per cent in 2003 to more
than 52 per cent last year, while Volkswagen
went from just over a one per cent share of diesel
sales in 2003 to 46.5 per cent in 2007. Others,
including Alfa Romeo, Saab, Dodge, Chrysler
and Renault, have increased their diesel sales
mix from zero in 2003 to more than 30, 27, 16,
13 and 13 per cent respectively.
Diesel vehicles remain a tiny proportion of
overall new passenger car sales in Australia,
but that could soon change with news last week
that Holden has committed to producing a diesel
Commodore within two years, joining Ford which
last month confi rmed to GoAuto that it plans to
offer diesel versions of both its homegrown
Territory and Falcon models from 2010.
This time 12 months ago the wholesale
diesel price was $121.83 and unleaded petrol
cost $127.73 wholesale, making diesel roughly
six cents cheaper than petrol a year ago.
Based on the current wholesale price
disparity between petrol and diesel of 23 cents
per litre and an average annual mileage of
20,000km, it will take BMW 320d drivers more
than eight years to pay off their car’s $3100
higher purchase price over the equivalent 320i,
while the Hyundai i30 diesel’s $3500 price
premium over its petrol sibling will take more
than 11 years to recoup.
Calculated on a $4000 price premium over
the equivalent petrol version and an ADR81/01
average fuel consumption estimate of 8.5 litres
per 100km (compared with 10.8L/100km for the
petrol), it will take buyers of the forthcoming
Commodore diesel more than 12 years to pay
off their diesel investment. Twelve years!
Before the rapid diesel price hikes that
began about a year ago, Ford predicted a diesel
version of its Falcon would take between three
and fi ve years to offset its extra cost. Using the
same formula, a Falcon diesel could take an
extra 17 years to pay for itself on current diesel
prices. Let us repeat: 17 years.
See pdf above for more...........
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