yacht fuel price per litre

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Yacht fuel cost calculator - how to estimate the costs.

Yacht captains have many responsibilities when it comes to the management of their vessel. One of them is keeping track of expenses, which is why it is important to familiarize yourself with the vessel’s operational costs. Keeping a luxury superyacht afloat isn’t cheap, and many claim that the average annual cost ranks up to 10% of the vessel’s price.

From these expenses, a significant portion goes to fuel. Filling up the tank of your boat is quite pricey, which is why a growing number of boat owners want to know exactly how much they are looking to spend for their upcoming voyage. This is also important for people who want to charter a boat for their holiday.

If you’re wondering how to best estimate the costs involved, you’re in the right place. This article will help you calculate your vessel’s yacht fuel cost while giving an overview of all the criteria used as variables. To make the process even easier, we link to a yacht fuel cost calculator to help you get an indication of the expenses you’ll need to cover. Let’s delve in!

Yacht fuel cost calculator

How to estimate yacht fuel costs, how much fuel does a yacht use.

• Price of boat fuel per gallon?

Yacht fuel formula

The easiest way to calculate your fuel costs is by using a yacht fuel cost calculator. There is a great calculator available here in case you want to save time and get an approximate estimation.

As you can see, the yacht fuel cost calculator has many variables which you need to be aware of before you set out to calculate the approximate price. This is what we will be dealing with in the next few chapters.

To help you get a better understanding of the calculation process we will do things manually while giving you the exact formulas used to calculate your vessel’s fuel needs. Therefore, make sure you keep on reading.

There are several things you need to keep in mind when you first set out to estimate the total fuel cost for your next voyage. These are summarised in the following points:

• Distance of journey - The total amount of nautical miles (or km)
• Cruising speed - The (average) speed of your vessel (in knots or km/hr)
• Fuel consumption - Understanding how many gallons (or liters) of fuel are consumed per hour
• Yacht fuel price - Understanding the average market price per gallon of fuel

The first two points depend solely on your needs and personal preference, which means that they are more flexible on a subjective basis. The latter two points may require a bit of research, especially if you’re not familiar with the engine of the vessel.

In the following sections, we will delve deeper into each of the points mentioned above, and offer the required formulas to help you calculate yacht fuel cost.

Calculating distance and speed

To understand the exact distance you are looking to cover in your next voyage, you can simply use Google Maps to plan your route. The following video explains the process in detail.

As soon as your route is planned out, you can measure the distance as well, selecting the preferred method of calculation. In our case, it is best to measure in nautical miles (1nm=1,85km), as this metric is more commonly used among sea men. The yacht fuel cost calculator above has an embedded map that helps you pinpoint the journey you want to make.

Next comes the cruising speed. The number is mostly calculated in knots (nautical miles/hr). The speed with which the vessel will cruise depends on the captain onboard, but is often influenced by the owner and guests onboard. You can make a rough estimation of this number based on previous trips.

Next, we need to calculate the amount of fuel that you will likely need. To do this we need to understand the engine type, its horsepower, and several other factors.

Let’s take a marine diesel engine for example. These engines are very common on motor yachts and consume approximately 0.4 pounds of fuel per hour for each unit of horsepower. You can find fuel consumption info for your specific engine by looking it up on the web or by calling the service number.

Once you know the fuel burn rate, it’s best to add a relative error margin of 10% based on minor factors. These include weather conditions, vessel size, and drag, all of which can increase the fuel burn.

How much fuel does a yacht use per hour?

Now that you know all the variables you can go ahead and calculate the amount of fuel that your yacht will need.

• Start by calculating the fuel burn per hour based on the horsepower of the engine.
• Add a multiplier based on the cruising speed of your vessel.

A vessel with a diesel engine of 300 horsepower will most likely burn 16-17 gallons per hour, which you can then use as a guideline when calculating the travel time based on the nautical miles you are looking to cover.

Superyachts are consuming much more fuel. An average 70-meter luxury yacht will burn around 130 gallons per hour with the engines running, while the amount increases significantly when the ship is moving. On average, you are looking at ±€2000 per hour (±1000 gallons) to achieve a speed of 20 knots. Of course, the higher the cruising speed, the more fuel you will be burning per hour, which in turn makes each hour at sea more expensive.

How much does boat fuel cost per gallon?

The exact price you are looking to pay per gallon depends on the marina you find yourself in. By looking at several price points of marinas, we get the following:

• Average diesel prices range from $3.2-$3.9 per gallon
• Average petrol prices range from $7.2-$7.8 per gallon

Note that discounts usually apply whenever you choose to purchase large quantities of fuel.

Why is boat fuel so expensive?

Marine fuel pricing is heavily inflated due to low supply and high demand. In short, the limited number of fuel stations at marinas have to service all the yachts that dock, which leads to a no-choice monopoly.

That said, yacht owners are usually not that concerned about the small price spike that marinas charge as an extra. If anything, they are happy to pay due to the convenience of the service.

How much fuel does a yacht hold?

Once again, the answer to this question depends on the size of the vessel. Smaller yachts can hold around 1300 gallons of fuel, while the bigger vessels can store up to 100,000 gallons. The ship’s engineers should be able to provide this number for the vessel you command.

Now that we have a better understanding of all the variables that determine the cost of fuel, we can go ahead and take you through the calculation process step by step.

First, know the total duration of your cruise. To obtain this information, divide the number of nautical miles by the cruising speed of your vessel (knots). For example, if you want to make a journey that totals 150 nautical miles while traveling at 20 knots, the yacht fuel formula looks as follows:

Total duration = 150 nm / 20kn

Total duration = 7,5 hrs

Note that the amount of fuel consumption may end up higher than expected if:

• Sea and weather conditions are not favourable
• You plan to make short stops along the way while the engine keeps running

Next, what you want to do multiply the number of hours by the number of gallons that your engine burns on an hourly basis while moving at the speed you previously indicated. If we take, as an example, the superyacht mentioned in the previous examples, we would make the calculation as follows:

7,5 hrs x 1000 gph = 7500 gallons

Now assume that you will also make two stops along the way, an hour and a half each, in order to let the guests enjoy their time; maybe ride a jet ski.

You then multiply the added number of hours with the consumption rate of a running engine. In this case:

3 hrs x 130 gph = 390 gallons

All that is left to do now is add up the total amount of fuel needed and multiply the number with the price per gallon.

(7500+390) x $3,5 = $27615

In this example, the final cost of your will set you back a little bit more than 27 thousand dollars. Just to be safe, calculate the additional 10% (margin of error) to be prepared against unexpected mistakes. This added amount is not necessarily an ad-on when you consider chartering. Private yacht owners, however, should add the amount to their final cost.

And that's it! You should now have a better idea on the steps you need to follow to calculate the fuel costs for your yacht. While there is quite a bit of information you should keep in mind, it is best to plan out everything with detail to avoid unforeseen costs. If you enjoyed this article, check out our blog post on yacht electrical systems as well.

This map displays marine fuel prices at west coast, east coast, inland river and gulf coast fuel docks.

• Destinations

How to calculate yacht fuel cost – The boat fuel cost calculator

When you decide to enjoy a  charter , there are many things you have to consider, not only when and where and whom you wish to join the party. I’m talking about the costs and expenses you will have during this memorable holiday with your loved ones. Depending on what type of vessel you are about the rent and the  destination  you will discover (as every place has its prices, pros, and cons), you will have a different bill at the end of your  cruise . 

How much cost chartering a yacht?

The most common questions we receive from our customers before they embark aboard the selected yacht they booked with us for their charter are: 

• What does the price include?
• What is APA?
• What does APA stand for?
• What are the extras?
• How much is VAT? 
• Can I have an estimate of the extra costs and expenses?
• How much will I spend in terms of fuel?
• What does the fuel boat cost?
• How to  calculate fuel boat cost ?
• What is the price to dock the yacht at the marina?

Fill the below form to receive instantly the estimate of fuel cost for your charter

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Our expert Charter Managers are glad to assist you with all the questions, clarifications, thoughts, and doubts you may have from the boat’s selection to your charter’s arrangements until the disembark. We always reserve transparent and clear 24/7 assistance to our new and repetitive clients, without surprises. 

How do I calculate yacht fuel cost? 

When you  charter a power yacht , the most critical cost to support is for sure  fuel .

When you  rent a sailboat  or  hire a catamaran , don’t forget about the fuel cost for  generators , the  outboard engine  of the dinghy. It would be a different cost at the end (definitively lower than aboard a motor yacht), but pay attention to air conditioning, especially when you spend the night at anchor. 

Yacht fuel calculation: how it works

It’s time to take a  map  and find on it all the spots and destinations you wish to reach! Keep in mind that you can predict the weather conditions only 10 to 7 days before embarking.

Prepare your sailing itinerary .

Your sailing route will depend on many factors, as the engine power and cruising speed of the yacht, the weather conditions, and the nautical miles you intend to navigate. Naturally, you will have to be informed about the actual market price of the fuel in the destination you will sail to have the right or most approximate  calculation of the boat fuel cost . 

Together with the assistance and suggestions of our sales department, our experienced technicians created an advanced, quick, and efficient tool for the yacht fuel calculation that we call the “ Boat fuel calculator .” This tool allows you to have a concrete and actual analysis of the yacht fuel consumption and price, starting with your itinerary plan on the map to the final result. 

Let’s begin: select the point of embarkation of your charter on the map. Now continue pinning all the beautiful spots you want to reach by boat during your  yacht charter  (as you can see, the calculator automatically updates the number of nautical miles) to disembark. You will obtain the total number of miles. 

Calculate the nautical miles

Naturally, you can choose the unit of measures (nautical miles, miles, km): in this case, it would be the nautical miles and, every time you pin a new destination on your map, from the embark to the disembark, the tool updates the total number of miles cruised. 

Now that we have the total number of miles, mandatory to  calculate the boat fuel cost  of our cruise. We need to know the yacht’s cruising speed, the engine consumption, and the market price of diesel in our next sailing destination.

Engine power and consumption

Now that we have the nautical miles, we need to know the engines’ power (the hp) and the real engine consumption of the boat we rent to have the actual  yacht fuel calculation . 

The last essential element we need to obtain the yacht fuel cost of our charter is the market price of gas in the destination we will sail. To have the diesel’s actual merits, you can consult many updated webpages of marinas and fuel bunkers, which continuously report the existing fuel prices day by day. (You can also check at  https://www.marineyellowpages.com/ )

The fuel consumption formula

What we are looking for is the expense of fuel we will have during our cruise.

Now that we have all the information we need for the yacht fuel calculation, and so:

• Total nautical miles;
• Engine consumption;
• Cruising speed;
• The market price of gas;

We can proceed with the real  boat fuel calculator  using our formula. 

Firstly, we need to know our charter’s travel time; I’m referring to the cruise duration. The formula to obtain the cruise duration is determined by dividing the number of nautical miles by the number of knots (the boat’s cruising speed). 

For example, if the nautical miles we are planning to navigate are 150 nm and the cruising speed of our yacht is 18 knots:

150 nm / 18 kn = 8,333 hr 

So if we want to cruise in a total of 150 nautical miles with a cruising speed of 18 knots, we will take about 8,333 hours. You will always have to consider the sea and weather conditions, which will influence the engines’ consumption.

And now that we have the “time,” the “duration” of our charter? How to calculate the yacht fuel cost? 

If the engine of our boat consumes 250 lt/hr, we have to multiply the time of our cruise, so in this case, 8,333 hr by the boat fuel consumption, so by 250 lt/hr:

8,333 hr / 250 lt/hr = 2.082,50 lt

2.082,50 are the liters we consume cruising for 8,333 hr with engine consumption of 250 lt/hr. Now we have to multiply the number of liters just obtained by the market price of fuel, that we can suppose at  1,50 Euro/lt :

2.082,50 lt x 1,50 Euro = 3.123,75 Euro

Let’s resume the “magic formula” for  yacht fuel calculation.  If your sailing itinerary contemplates 150 nautical miles at a constant cruising speed of 18 knots, 250 lt/hr consumption, and marine diesel cost of 1,50 Euro/lt, at the end of our yacht charter, we will have a bill of 3.123,75 Euro.

The calculations of boat fuel cost are always approximate and depend on sea and weather conditions and atmospheric and natural events. 

Our professional sailing tips and recommendations

Our team is always pleased to assist you, providing free 24/7 professional support for your charter arrangements and customizing your charter and journey. Feel free to contact us and get our advanced sailing tips and recommendations about your next charter: sailing itinerary, best bases, and marinas, where to spend the night at anchor, fuel bunkers, ATM and exchange, transfers from/to airport, groceries, and markets, restaurants and excursions, activities for kids and family, private celebrations, wedding, and corporate events, and much more.

Send us an email at [email protected]

Call or or text us (also on WhatsApp) +393343600997

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Boat Fuel Consumption List

The fuel consumption of any yacht, can vary widely based on several factors including the yacht's size, engine type, cruising speed, and conditions under which it is operated.

The figures above are average calculated.

Boat Fuel Cost Calculator

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Superyachts are the most elite asset a person can own, your own private yacht to cruise the world’s most beautiful destinations. Some yachts cross the Atlantic Ocean twice a year between the Mediterranean and Caribbean while others embark on world cruises.

Fuel is one of many annual running costs of a yacht and not only does the yacht need fuel for cruising; the generators require fuel to keep the vessel running while at anchor and underway, as well as many of the water sports toys requiring fuel.

So how much do they really consume?

According to the Yachting Pages, the longest Superyacht in the world, 180m M/Y Azzam, holds 1,000,000 litres of fuel. To put it into perspective, that is the equivalent of filling a regular hatchback car 23,800 times or six Boeing 747 commercial airliners.

West Nautical’s Vessel Manager, Tony Hildrew, a former Yacht Chief Engineer said: “Fuel is the single biggest expense when it comes to yacht operations, it is estimated that the global spend on fuel is around $150bn annually however this shouldn’t put you off, there are a number of ways to ensure your fuel consumption doesn’t get out of hand. Implementing a Ships Energy Efficiency Management Plan or SEEMP for short is a great way to keep fuel costs down without compromising on your cruising experience.”

Each yacht will consume fuel differently for a number of reasons – the size and make of the engines, how often the yacht is using generators and the number of tenders and water sports toys on board that require fuel. For example, if the yacht is out at anchor and running on generators 90% of the time, the fuel consumption will be much higher than a yacht that is in a marina at night and connected to shore power and water.

Another factor that will affect fuel consumption is the yacht’s itinerary as the sea conditions will impact how much fuel the engines consume.

Fuel consumption is often measured in litres per hour, the best way to calculate the total fuel consumption for your itinerary is by using a fuel calculator like the one found here on the West Nautical website.

You will be able to input the start and ending points of your cruise on the map, this will automatically update the distance table. The next step is to enter the speed, fuel consumption and cost of fuel per litre to determine the cost of the trip.

Here is an example: A fast 30m yacht cruising at 20 knots will consume roughly 400 – 500 litres depending on the engine type, this would equate to the total consumption of 2500 litres for a distance of 100 nautical miles.

Another example is, a 70m yacht looking to travel 100 nautical miles with the engines burning 1000 litres per hour would add up to a total consumption of 8335L for that passage. Depending on where the yacht bunkered, the estimated cost with the price per litre being on the low end at €0.90 per litre would cost a total of €7501.50. An example of a 100 nautical mile passage would take you from Saint Tropez to The North Coast of Corsica.

Fuel prices fluctuate depending on which country you bunker in and some places you bunker offer tax free fuel such a Gibraltar and Montenegro. Fuel prices can vary but typically costs between €0.80 and €1.30 per litre.

Yacht charter, sales and management company West Nautical added; “Fuel costs should be at the top of any yacht owner and captain's minds for two reasons: to minimise costs as well as reduce the environmental impact of burning unnecessary fuel. The superyacht charter market, more than most other markets, relies on pristine waters for their guests to enjoy their holiday. If the oceans in popular charter destinations are not maintained, it will decrease the demand for yacht charter and therefore the revenue for owners.” “If you are looking for expertise in operational management and engineering in order to plan a SEEMP, West Nautical would be delighted to assist.”

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• Total Expenses =
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Us flagged vessel, health insurance costs per crew, uniform cost per crew, training cost per crew, food cost per crew, crew turnover, hires using a professional crew agency.

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Costs of food provisions will vary dependent upon how eloborate food Preferenaces are

Location will play huge factor in food provisons and thing may have to be folws into remorte locations.

Crew is one of the largest expenses on a superyacht and critical to the owner’s enjoyment of their vessel. As the largest crew agency in the world, we know crew. Our cost calculator contains customized crew lists for yachts ranging from 80ft to 600ft with salary information based on our reference verified salary data.

Our users also have the ability to completely tailor the crew list to the specific needs, schedule and requirements of their vessel. Each yacht is unique and may have specific owner requests in addition to the yacht’s safe manning requirements.

Management of the supplemental crew costs and strategic budgeting can help avoid significant overspend on categories such as food and uniform. This tool contains default values based on our industry expertise and recommended budget for an efficiently and safely run superyacht.

To learn more about each crew position in detail, including salary ranges, please visit our yacht department directory .

Drag the sliders to modify your results. These are not linear scales and we expect most yachts to operate within the 20-80% window. Above 80% and below 20% costs increase or decrease at exaggerated levels and we only see numbers in these levels in very rare circumstances.

This sunburst diagram is interactive. You can click into each block to see the expense break down and mouse over each block for more details.

Our chart of accounts displays seven major categories, 20 sub-categories plus a further 80 detail categories for a total of 107.

Our yacht operating cost calculator is now on it’s third major revision. We start with actual yacht expense data from our yacht management accountants and then generate formulas to extrapolate out the budget for a wide range of yachts. We have been providing accounting services to large yachts for the past 18 years.

Our operating cost calculator is tuned for yachts from 80 to 600 feet. We find operating variables create the largest variances for yachts smaller than 100 feet and larger than 250 feet. We have tested the numbers the most in the range from 100 to 250 feet.

Our budget calculator factors in the fuel burn for a range of engine sizes typically seen installed on yachts by length. By dragging the green “fuel dockage” slider to the right you will increase the projected fuel burn rate and therefore the budget cost for fuel. Our default position would be for a typical displacement fuel burn. Position the slider in the 60-80% range for fuel projections for planning hulls.

Our default values produce a budget number that we believe is generous to run a yacht to a high standard. Perfect is a very expensive word to use in the yachting industry where standards are already high. Moving the crew and maintenance sliders to 80% will provide an “industry best” quality of crew and give them the maintenance budget to operate to a very high standard. If you need to go over the 80% area then you may have unusually labor intensive equipment on the yacht.

Yes, our yacht operating cost calculator can output a budget suitable for this situation. Adjust the owner use to 2 (minimum value), owner slider to 0, crew slider to 10%, Administration to 10%, Fuel and Dockage to 0, Maintenance to 10% and then Capital Repairs to 0. This will remove all of the large charges associated with owner use and vessel movement but leave the essential base maintenance and insurance in place.

Lift on and float in yacht transport is a popular way to transport yachts across large ocean passage. The yachts that this service certainly applies to are ones that may not have the motoring range or structural integrity for blue ocean cruising. The cost of transporting a yacht twice per year is put into our budget once the “Fuel Dockage” slider hits 75%. If your yacht has the range we recommend self-sufficient ocean passages whenever possible. Whilst the transport companies sell their services based upon reportedly well oiled operated schedules the reality is that your yacht may stay waiting for pickup for a week or more with no compensation due. When factoring in all secondary factors of self-sufficient passages (increased fuel, maintenance, potential storm damage, crew time off, extra delivery crew) compared with transporting your yacht (insurance, potential loading / unloading damage, loss of schedule control, no work whilst underway, crew flights, crew accommodation) we believe that there is a 100% premium associated with float in transport and a 75% premium with lift on transport compared with self-powered.

Abandoned yachts crash in value. We recommend that even if you are trying to sell your yacht that you use the yacht for a minimum of two weeks per year so that systems are tested and working every six months. There is nothing worse for a yacht than not being used. If you truly are not going to use the yacht then you should sell it immediately for the first genuine offer as every dollar you put into maintenance will not be recovered at the time of the sale.

We did not build this version with sailing yachts in mind. Early in our development of this version we decided to exclude sailing yachts as a few of the major cost drivers scale very differently for sailing yachts compared with motor yachts. For example: To calculate paint costs we reviewed the surface area of over 100 large yachts and created a formula for painted surface area to length. Sailing yachts just don’t scale in a consistent way. Similarly crew numbers don’t scale in the same manner that they do for motor yachts. If there is sufficient demand we may build a sailing selector switch into a future version of this tool.

We hate to hear when yacht owners were told by their broker to factor in 10% of the purchase price to operate the yacht. This over used saying is sadly right occasionally (particularly for newer yachts in the $20-30M range)… but just because a broken watch tells the right time twice a day you shouldn’t rely upon it to tell the time. As yachts get older their capital value decreases but their maintenance costs increase. There is no way that a fixed 10% of purchase cost rule can be true… if your broker told you this rule then you need a new yacht broker… we know some good ones. 😊

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Calculating Yacht Fuel Cost

by Marine Diesel Specialists | Aug 5, 2019 | Yacht Life , Yachting Travel | 0 comments

There are many costs associated with yacht ownership, and fuel is one of the biggest concerns for yacht owners and those who charter yachts as a source of business revenue. There are many different systems within your yacht that will require diesel fuel, and new versus used marine engines will bring different fuel efficiencies that are worth considering when trying to calculate your fuel costs. Everything from how many gallons are in a yacht’s tank to the specific mileage could come down to the quality of your engine and the size of your boat. This means that, without expert help, it could be hard to calculate. That’s why the team at Marine Diesel Specialists has created this quick overview that will explain yacht fuel capacity and yacht fuel cost through nautical miles, as well as how you can calculate these costs on your own.

Nautical Mile vs. Mile

The first key in calculating yacht fuel cost is to figure out how far you will be traveling. After all, these vessels are meant to transport, and like many modern transportation methods, yacht fuel capacity and use could change due to variables such as these. Mapping out your journey will help you see how many miles you’re traveling, and then you’ll convert this to nautical miles. When calculating nautical mile vs. mile consider that nautical miles are measured in two options, either 1/60th of a degree between latitude or longitude on a map or as 1.15 US miles. Knowing the distinction between nautical miles and US miles or kilometers is a must. Some boaters may find themselves confused by their fuel use and yacht fuel cost being different from what they have anticipated.

Finding the Cost of Marine Diesel Fuel With Nautical Miles

If you’re choosing your destination on a traditional map, each 1/60 th  of a degree on your map will calculate as a nautical mile. This is a fast and easy way to calculate fuel consumption using just a map and compass if you are not using a GPS when planning your nautical voyages. For those of us who are using GPS tools or digital maps, one nautical mile is about 1.15 miles or 1,852 meters. Traditionally, a knot is the speed of one nautical mile per hour. Many people use online mapping services as a way to get an accurate measurement of the distance they will be traveling on their journey. Using all the available resources when matching fuel cost to the yacht fuel capacity and how it relates to distance is always a good idea.

How to Calculate the Cost of Marine Diesel

Now that you know the nautical miles between your starting point and destination and have gotten an accurate measurement by using the tips and resources stated in this article, you can analyze your vessel’s average fuel consumption to figure out your yacht fuel costs. The exact rate of fuel cost per hour will vary from yacht to yacht, depending on engine type, age, upkeep, and more. Having more reliable and efficient engines, such as MAN diesel marine engines, will be a benefit due to their reliability and efficiency.

On average, a quality marine diesel engine will burn about 0.4 pounds of fuel per hour for each unit of horsepower. Other factors, such as water conditions, drag, and vessel weight, will also increase your fuel burn, so they are important to keep in mind during your voyage. In typical and relatively calm conditions, a 300-horsepower diesel engine would burn 16.6 gallons of diesel fuel per hour with variance based on the previously stated factors. You would then combine this fuel consumption per hour with the number of nautical miles to be traveled and the expected travel time to calculate your yacht fuel cost.

Knowing how to calculate marine fuel prices using nautical miles is a skill that every boater should be proud to have. It will come in handy many more times than they would think. Once you have mastered this form of preparation for a nautical adventure, you’re going to be able to get more accurate information in less time using just a few tools and a wealth of knowledge gained from experience.

Our Expert Marine Diesel Services Are Here to Help

Marine fuel is typically sold by the liter or gallon, and the prices vary depending on the time of year and other factors. Keep an eye out for any trends you may have noticed in previous years, and use that knowledge to plan out your purchases effectively. As stated before, yacht fuel cost can be affected by the quality of your marine diesel engine, which is why it is important to have the best engines available!

Get in touch with our Fort Lauderdale Marine Diesel Specialists experts or our Punta Gorda Gulf Coast Diesel Service professionals to learn all about the products we offer. We are certified vendors of MAN marine engines, along with a long list of other brands that are sure to be the perfect fit for you. If you are interested in boat servicing and repairs , which can be done by our marine rebuild specialists, you’ll also find yourself in luck with our team.

If you want to learn more about all things marine engines, be sure to take a look at some of our other articles and get insights from professionals in the industry who have years of experience dealing with marine diesel and MAN engines.

Related Readings

• Marine Diesel Fuel Explained
• When and Why to Change Oil in Your Boat Engines

Our Marine Diesel Specialists offer a variety of products and services to provide marine diesel solutions in Fort Lauderdale and Punta Gorda. Our authorized MAN Engine dealers can offer expert maintenance, repair, and survey services, as well as complete engine, transmission, and generator overhauls. If you are seeking top-quality marine diesel solutions, products, or services, don’t wait to contact our Marine Diesel Specialists and Gulf Coast Diesel Service.

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How Much Fuel Does a Yacht Use? An In-Depth Analysis

When it comes to luxury and adventure on the high seas, yachts are the epitome of both. Whether you’re a yacht owner or dreaming of chartering one for your next vacation, understanding the fuel consumption of these majestic vessels is crucial. Fuel usage not only impacts the cost of your journey but also has environmental implications. In this article, we dive into the factors affecting yacht fuel consumption and provide insights to help you estimate how much fuel a yacht uses.

Understanding Yacht Fuel Consumption

Fuel consumption in yachts is influenced by several factors, including the yacht’s size, engine type, cruising speed, and conditions at sea. Here, we break down these elements to give you a clearer picture.

Yacht Size and Engine Type

Yachts come in various sizes, from smaller 40-foot models to massive 100-foot plus luxury liners. Generally, the larger the yacht, the more fuel it consumes. Engine type also plays a significant role. Traditional diesel engines are common, but newer models may feature more efficient or hybrid engines that can impact fuel usage.

Cruising Speed

Speed is a significant factor in fuel consumption. Higher speeds increase resistance in the water, requiring more power and, consequently, more fuel. Cruising at a yacht’s optimal speed, often referred to as the “hull speed,” can help maximize fuel efficiency.

Conditions at Sea

Sea conditions can also affect fuel consumption. Smooth, calm waters allow for more efficient travel, while rough seas can increase fuel use due to the additional power needed to maintain speed and stability.

Estimating Yacht Fuel Consumption

While it’s challenging to provide a one-size-fits-all answer due to the variables involved, we can offer some general guidelines. On average, a yacht might use between 20 to 100 gallons of fuel per hour. Smaller yachts, such as those around 40 feet, tend to be on the lower end of the scale, consuming about 20 to 40 gallons per hour. Larger vessels, which are over 100 feet, can consume significantly more, sometimes exceeding 100 gallons per hour, especially at higher speeds.

Example Calculations

Let’s look at an example. For a 70-foot yacht cruising at a moderate speed of 20 knots, fuel consumption could be around 50 gallons per hour. If you’re planning a 100-mile journey, at 20 knots, it would take you approximately 5 hours. This means the total fuel consumption for the trip could be around 250 gallons.

Tips for Reducing Fuel Consumption

• Cruise at Efficient Speeds: Find and maintain your yacht’s hull speed for optimal fuel efficiency.
• Regular Maintenance: Keep the engine and hull in top condition to reduce drag and ensure the engine runs efficiently.
• Plan Your Route: Opt for the most direct route and consider current sea conditions to minimize unnecessary fuel use.
• Lighten Your Load: Only carry what you need for your journey, as extra weight can increase fuel consumption.

Understanding and managing fuel consumption is crucial for any yacht owner or enthusiast. By considering the factors outlined above and implementing fuel-saving strategies, you can enjoy the luxury of yachting more sustainably and cost-effectively. Whether planning a short excursion or a long voyage, a careful consideration of fuel use will enhance your experience on the water.

Remember, every yacht is unique, and so is its fuel consumption. For specific figures, consult your yacht’s manual or speak with a marine professional who can provide insights tailored to your vessel. Enjoy your time at sea, and sail smartly!

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Boat Fuel Cost Calculator

Calculating the cost of fuel for a boat trip can be essential for planning your budget and ensuring you have enough resources for your journey. The Boat Fuel Cost Calculator is a simple tool designed to help you estimate the fuel cost for your upcoming boating adventure. Whether you’re a seasoned sailor or a novice, this calculator can be a valuable resource for trip planning.

The Boat Fuel Cost Calculator uses a straightforward formula to estimate the cost of fuel for your boat trip. The formula is as follows:

Fuel Cost = Distance (in nautical miles) x Fuel Efficiency (in gallons per mile) x Fuel Price (per gallon)

Using the Boat Fuel Cost Calculator is a breeze:

• Enter the distance of your planned boat trip in nautical miles.
• Input your boat’s fuel efficiency in gallons per mile. This value can typically be found in your boat’s specifications or manual.
• Specify the current fuel price per gallon in your area.
• Click the “Calculate” button.

The calculator will instantly provide you with an estimate of the fuel cost for your journey.

Let’s say you’re planning a 100-nautical mile trip, your boat has a fuel efficiency of 0.5 gallons per mile, and the current fuel price is $3.50 per gallon. Using the calculator, you would find:

Fuel Cost = 100 (distance) x 0.5 (fuel efficiency) x $3.50 (fuel price) = $175.00

So, the estimated fuel cost for your trip would be $175.00.

• Q: How accurate is the Boat Fuel Cost Calculator? A: The calculator provides a reasonable estimate of your fuel cost based on the input values. However, actual fuel consumption may vary depending on factors like weather conditions and boat speed.
• Q: Can I use this calculator for different units, such as kilometers and liters? A: This calculator is designed for nautical miles and gallons. You can convert units before using it for other measurements.
• Q: Is this calculator suitable for all types of boats? A: It can be used for various boat types, but the accuracy may vary depending on the specific boat and its fuel efficiency.
• Q: Does the calculator account for different fuel types? A: No, it assumes a single fuel type. Make sure to use the correct fuel efficiency for your boat’s engine.
• Q: Can I use this calculator for long-distance voyages? A: Yes, it’s suitable for both short trips and long-distance journeys.

The Boat Fuel Cost Calculator is a valuable tool for boat enthusiasts and travelers who want to plan their trips effectively. By providing estimates of fuel expenses, it helps you budget and make informed decisions for your next boating adventure. Remember that actual fuel consumption may vary, so use the calculator as a helpful reference point in your trip planning. Enjoy your safe and cost-effective journeys on the water!

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Yachts And Fuel – How Much Do They Really Consume?

Fuel is one of many annual running costs of a yacht. Not only does the yacht need fuel for cruising; the generators require it to keep the vessel running while at anchor and underway. As well as this, many of the water sports toys require it too.

Some yachts cross the Atlantic Ocean twice a year between the Mediterranean and Caribbean while others embark on world cruises. That equates to a lot of fuel.

So How Much Do They Really Consume?

According to the Yachting Pages, the longest Superyacht in the world, 180m M/Y Azzam, holds 1,000,000 litres of fuel. To put it into perspective, that is the equivalent of filling a regular hatchback car 23,800 times. Or, six Boeing 747 commercial airliners.

West Nautical’s Vessel Manager, Tony Hildrew, a former Yacht Chief Engineer said:

“Fuel is the single biggest expense when it comes to yacht operations, it is estimated that the global spend on fuel is around $150bn annually however this shouldn’t put you off, there are a number of ways to ensure your fuel consumption doesn’t get out of hand. Implementing a Ships Energy Efficiency Management Plan or SEEMP for short is a great way to keep fuel costs down without compromising on your cruising experience.”

Each yacht will consume fuel differently for a number of reasons. It could be the size and make of the engines. Or, how often the yacht is using generators. As well as the number of tenders and water sports toys on board that require fuel. For example, if the yacht is out at anchor and running on generators 90% of the time, the fuel consumption will be much higher than a yacht that is in a marina at night and connected to shore power and water.

Another factor that will affect fuel consumption is the yacht’s itinerary. This is because the sea conditions will impact how much fuel the engines consume.

How Is Consumption Measured?

You will be able to input the start and ending points of your cruise on the map. This will automatically update the distance table. The next step is to enter the speed, fuel consumption and cost of fuel per litre to determine the cost of the trip.

Here is an example: A fast 30m yacht cruising at 20 knots will consume roughly 400 – 500 litres depending on the engine type. This would equate to the total consumption of 2500 litres for a distance of 100 nautical miles.

Another example is, a 70m yacht looking to travel 100 nautical miles with the engines burning 1000 litres per hour would add up to a total consumption of 8335L for that passage. Depending on where the yacht bunkered, the estimated cost with the price per litre being on the low end at €0.90 per litre would cost a total of €7501.50. An example of a 100 nautical mile passage would take you from Saint Tropez to The North Coast of Corsica.

How Much Does It Cost?

Fuel prices fluctuate depending on which country you bunker in and some places you bunker offer tax free fuel such a Gibraltar and Montenegro. Fuel prices can vary but typically costs between €0.80 and €1.30 per litre.

Yacht charter, sales and management company West Nautical added:

“Fuel costs should be at the top of any yacht owner and captain’s minds for two reasons: to minimise costs as well as reduce the environmental impact of burning unnecessary fuel. The superyacht charter market, more than most other markets, relies on pristine waters for their guests to enjoy their holiday. If the oceans in popular charter destinations are not maintained, it will decrease the demand for yacht charter and therefore the revenue for owners.” “If you are looking for expertise in operational management and engineering in order to plan a SEEMP, West Nautical would be delighted to assist.”

About West Nautical

West Nautical sell, charter and manage superyachts from their head office in Newcastle upon Tyne. The business currently employs a team of 21 staff throughout their offices based in the UK, Russia, France and Cyprus.

  Since their inception over 25 years ago, West Nautical have become recognised as one of the most respected, trusted, knowledgeable and accountable professional services firms in yachting – largely due to their relentless determination to act in our clients’ best interests. Their approach and attitude is transparent, refreshing and focused on providing value-added services delivered simply, elegantly and affordably. 

Visit West Nautical’s website here: https://westnautical.com

For Media enquiries please contact  sarah.mackenzie@westnautical.com

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How Much Does Boat Fuel Cost? (Marina vs. Gas Station)

Depending on location, fuel type, and if you’re fueling up in a marina or gas station, the cost of fueling your boat will differ. So before I spew out the cost of fuel, make sure you know the fuel type required for your boat ( this article will help ).

At a marina, gasoline fuel will usually cost around $0.5 to $1.5 per gallon more than it costs at a gas station. Diesel fuel will usually cost the same or only be $0.5 more expensive. Otherwise, you can buy fuel at a gas station, but make sure the ethanol and octane rating is what’s needed for your boat motor.

It’s important to note that some boats require specific octane ratings and ethanal ratings that may differ from most cars. For example, you should never put gasoline with a higher ethanol rating than E10 (10% ethanol) in any boat, however, it’s usually recommended always to use no ethanol fuel, especially for older motors or performance motors.

Note that Some marinas may only have premium or mid-grade gasoline which will be more expensive.

All gas station prices differ depending on your location. However, if you don’t know the price in your location, use this website and put in your area to find out. Add this price to $1 for gasoline and $0.25 for diesel and that is your expected marina fuel cost.

So if gasoline in my area at a gas station costs $3 per gallon, expect $4 at a marina.

Related Articles: What Fuel Do Boats Use? (All Fuel Types Explained) | What Fuel Should You Use For Your Boat? (Complete Guide)

Table of Contents

Finding fuel costs for your specific boat

Although $0.5-$1.5 per gallon more for marina gasoline may not seem like that much at first glance, it will start to add up significantly the more you use your boat. So, to give a better understanding of how much fuel costs for boats, find out how many gallons per hour (GPH) it consumes on average.

The dashboard on your boat may tell you this, or you can use this website to find it. Then multiply the price per gallon of fuel in your area to this number and it will give you the estimated cost of fuel per hour of boat use. Here are a few examples of some popular boats:

Should you fuel up your boat at a gas station or a marina?

It’s usually recommended to fuel your boat up at a gas station instead of at a marina. This is because it’s cheaper and the fuel is generally much newer and better stored. Marinas are known for having low fuel quality because many times the fuel is very old.

Always make sure that you get the correct octane and ethanol rating for your motor when fueling up at a gas station. Many engines, especially older ones, will not run on ethanol, and you should never put anything more than 10% ethanol (E10) in a boat’s fuel tank. So, Check your owner’s manual or look up your motor online.

However, I know many boaters can’t easily get their boat to a gas station, so for them, marina fuel is the better choice. Although, if your fuel tank is small enough, you could fill up a big gas can ( such as this one ) at a gas station and then use it to fuel up your boat on the water.

Note that some marinas may not allow you to do this.

Why is fuel more expensive at marinas?

Marinas generally purchase much less fuel than gas stations do, so they usually get charged more, resulting in higher prices. Along with that, marinas know boat owners (especially ones with large boats that need to be fueled at marinas) are usually wealthy, so they charge more because they can.

Along with that, marinas usually have to pay their employees more money which also drives up the price of their fuel.

Is boat fuel expensive?

Boat fuel can be extremely expensive if you have your boat is not very fuel-efficient and you get your fuel at a marina. However, if you have a small boat with a low-medium horsepower engine and you fuel up at the gas station, boat fuel isn’t that expensive.

Some yachts can cost hundreds of dollars in fuel, every time you take them out. Not only is this expensive, but it’s also quite excessive and harms the environment. So if you plan on purchasing a boat, make sure you estimate how much fuel it burns before making the purchase.

Frequently asked questions about boat fuel costs

It’s around $0.5 to $1.5 per galling cheaper to fuel up with gasoline at a gas station than at a marina. Diesel is usually the same or only $0.5 per gallon more at a marina.

Marinas generally purchase much less fuel than gas stations do, so they usually get charged more resulting in higher prices. Along with that, marinas know boat owners are usually wealthy, so they charge more because they can.

Depending on the yacht, the size of its tank may greatly differ. However, an average yacht that’s around 50-70 feet long will have a fuel tank that holds around 1,000 gallons of fuel. So depending on the fuel cost in your area, this will cost around $4,000 to $5,000 to fully fuel up.

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Calculating Boat Fuel Consumption for Smart Boating

Efficiently managing fuel consumption is a critical skill for boaters, not only affecting the range of your vessel, but also impacting overall expenses. But unlike cars or trucks, calculating a boat’s fuel usage is more complex due to constantly shifting sea conditions.

In this comprehensive guide, we will dive into the intricacies of estimating and computing fuel consumption for boats, empowering you to make informed choices for an optimal boating experience.

Key Points for Fuel Consumption

Determining the amount of fuel your boat consumes holds several significant advantages:

Range Projection

Understanding your boat’s fuel economy–the amount of fuel needed per mile or nautical mile–helps anticipate the safe distance you can cover with a specific fuel capacity.

Cost Analysis

Calculating fuel usage offers valuable insights into operational costs, particularly when comparing different boats or marine engines for purchase.

Comparison Tool

Many boaters rely on fuel consumption charts or use boat tests as benchmarks for comparison. This allows for smarter decision-making when selecting a new boat or engine based on efficiency.

Due to the ever-changing nature of sea conditions, boat fuel efficiency is measured in gallons per hour (GPH). The metric used is pounds of fuel consumed per horsepower generated per hour, commonly referred to as ‘brake-specific fuel consumption.’

Keep in mind that gasoline weighs approximately 6.1 pounds per gallon, while diesel comes in at around 7.2 pounds per gallon.

The relentless hum of a well-tuned four-stroke gasoline engine can consume an impressive 0.50 pounds of fuel per hour for every unit of horsepower it churns out.

And let’s not forget the tireless diesel engine, which burns through 0.4 pounds of fuel per hour for each unit of horsepower it generates.

But be warned, these numbers only scratch the surface–factors like boat drag, sea conditions, and efficiency losses can greatly affect your fuel burn.

To navigate through this maze, use this formula to estimate your boat or engine’s fuel consumption:

GPH = (specific fuel consumption x HP) / Fuel Specific Weight

Gas = 6.1 lb. per gal

Diesel = 7.2 lb. per gal

The key to unlocking maximum horsepower lies in these formulas, optimized for the engine’s peak performance at wide-open throttle. But don’t be fooled–fuel consumption actually decreases during cruising speeds.

And with advanced electronic and direct fuel injection systems, efficiency is taken to a whole new level.

Unlocking Boating Performance

The roar of the boat motor and the number of miles it can go on a single gallon of fuel are crucial elements to consider while out on the water.

These two concepts, known as ‘boat motor pitch’ and ‘miles per gallon (MPG),’ hold the key to unlocking optimal boating performance. So pay attention, because your next adventure may depend on it.

Boat Motor Pitch

The pitch of a boat motor typically refers to the pitch of the boat’s propeller. The propeller pitch is the distance that the propeller would move in one revolution if it were moving through a solid, like a screw through wood. It’s measured in inches.

A higher pitch means the propeller is designed to move the boat further with each revolution, which can be efficient for speed but may reduce the engine’s revolutions per minute (RPM).

A lower pitch propeller will move the boat less distance per revolution but can increase RPM, potentially offering better acceleration and power for carrying heavy loads.

Choosing the right propeller pitch is crucial for optimal boat performance. It needs to be matched with the boat’s size, weight, and the motor’s power to ensure the engine operates within its recommended RPM range for peak efficiency.

Miles Per Gallon 

MPG in the context of boats refers to the fuel efficiency of the boat. It indicates how many miles the boat can travel on one gallon of fuel.

Calculating MPG in boats is more complex than in cars due to variable factors like water conditions, boat weight, and hull design. A boat’s MPG can vary significantly based on these factors.

Higher MPG indicates better fuel efficiency, which is desirable for reducing fuel costs and environmental impact.

Boaters often look for ways to improve their MPG by optimizing the boat’s load, maintaining the engine, and using the boat at efficient speeds.

Assessing Fuel Usage and MPG

Begin by filling your boat’s tank to a precise level and recording the gallons added.

Then, set sail and take note of the distance traveled while considering sea conditions and cruising speed.

Upon return to the dock, refill the tank to the same level and record the additional gallons needed.

Using this information, you can determine the amount of fuel consumed during your trip and calculate your MPG using the formula: Distance Traveled / Gallons Consumed.

This equation is a valuable tool for determining the boat’s fuel efficiency and can be used to plan more efficient journeys in the future.

Many modern engines come equipped with gauges that display the total fuel consumption during a trip, as well as real-time updates on fuel efficiency to assist in saving fuel.

Maximizing Fuel Efficiency 

The rumble of a boat motor is like a heartbeat to any avid boater. But did you know that how you trim your boat and manage fuel can make or break your entire experience on the water?

These two concepts are key players in maximizing performance and efficiency, leading you to smooth sailing and unforgettable adventures.

Boat Motor Trim

The trim of a boat motor refers to the angle of the outboard motor or stern drive in relation to the transom of the boat. Adjusting the trim changes the angle at which the hull meets the water.

Proper trimming can significantly affect the boat’s performance. When a boat is trimmed correctly, it runs more efficiently, achieving optimal speed and handling. The goal is to find the trim sweet spot where the boat planes smoothly on top of the water with minimal resistance.

Trimming the motor too low (in) causes the bow of the boat to sit lower in the water, increasing drag and reducing speed and efficiency. Trimming too high (out) can cause the propeller to ventilate, leading to loss of propulsion and potential engine damage.

Fuel Economy

Fuel economy in boating refers to how efficiently a boat uses fuel, typically measured in GPH or MPG.

Optimizing the trim of the boat can lead to better fuel economy. When a boat is properly trimmed, it reduces drag and allows the boat to move through the water with less effort and power. This efficiency translates into less fuel consumption for the distance traveled.

Additionally, a well-trimmed boat can also reduce engine strain and potentially extend the life of the motor.

Balancing Trim and Fuel Economy

Achieving the best fuel economy involves finding the optimal trim setting where the boat runs most efficiently. This setting varies depending on the boat’s design, load, water conditions, and speed.

Boaters often use trim tabs or power trim (adjustable with buttons or a lever on the throttle control) to adjust the trim level while underway, constantly fine-tuning for the best performance and fuel efficiency.

It’s important to monitor the boat’s performance indicators such as speed, RPM, and fuel consumption gauge, if available, to determine the most efficient trim setting.

Final Thoughts

Fuel up for success on the open seas by mastering your boat’s fuel consumption and miles per gallon. With this crucial knowledge, boaters can navigate their vessels with confidence and make informed decisions for efficient and cost-effective travels.

Don’t sail blindly–install a fuel monitoring system to track your consumption for ongoing management and worry-free long-distance cruises.

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Note : Waterway Guide updates these fuel reports weekly. Due to daily fluctuations, Waterway Guide cannot guarantee that the prices listed are what you will find when you pull up to the pump. We recommend that cruisers call ahead to confirm the price of fuel the day they plan to purchase. We have provided the phone number of each facility for this purpose. Also, many marinas post prices net of sales tax. This may or may not be noted in the comments.

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NNPCL releases retail prices of petrol from Dangote refinery in Lagos and other states

The Nigerian National Petroleum Company has released a breakdown of estimated petrol prices from the Dangote refinery in its retail stations in Lagos as well as other states in the country.

In a statement signed by its Chief Corporate Communications Officer, Olufemi Soneye, the company stated that it is buying petrol in dollars from the Dangote refinery for September and sales in Naira would begin from October.

The statement reads, “The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country.” 

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Furthermore, the company noted that the estimated petrol prices from its retail station in Lagos are around N950.22 per litre. This figure was derived after the following calculations.

The NNPCL also revealed the estimated pump price for Premium Motor Spirit (PMS) for September 2024, as determined by Dangote Refinery pricing.

According to the NNPC, PMS prices are not set by the government but are instead negotiated directly between parties on an arm’s length basis, in line with Section 206 (1) of the Petroleum Industry Act (PIA).

For the September 2024 PMS offtake, NNPC has confirmed that payments to Dangote Refinery will be made in U.S. dollars, with transactions in naira set to commence from 1st October 2024.

The base pricing includes a Platts 10ppm price of $690/MT plus a $46 premium, resulting in a total of $736/MT.

Additionally, NNPC has indicated that if any dispute arises over the quoted pricing, it would welcome any potential discounts from Dangote Refinery.

Any such reductions would be passed directly to the public, ensuring transparency and fairness in pricing.

 The petrol prices for other states are listed below; 

• Sokoto State: N999.22
• Kano State: N999.22
• Kaduna State: N999.22
• FCT: N992.22
• Borno State: N1,019.22
• Oyo State: N960.22
• Imo State: N980.22
• Rivers State: N980.22
• Lagos State: N950.22

Backstory  

• The clarification from the NNPCL confirms an earlier statement from the Dangote refinery that it sold petrol to the NNPCL in dollars rather than the earlier agreed naira.
• The firm noted that the sales in Naira would begin in October as the earlier crude oil stock was paid for in dollars rather than Naira. The Dangote refinery had earlier denied selling petrol to the NNPC at N898 per litre stating it is still negotiating prices with the federal government.
• The Dangote refinery began distribution of petrol to NNPC only yesterday after months of delay.
• However, it had earlier noted that prices would be disclosed after the agreement with the federal government’s technical sub-committee on crude oil sales in Naira.

Aghogho Udi

My name is Aghogho Udi, a writer, journalist, and researcher, deeply intrigued by the political economy of Nigeria and the broader African context. My focus lies in shedding light on the intricate connections between macroeconomics and politics, offering valuable insights that foster comprehension of Africa's prevailing economic landscape and the world in general.

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Nnpcl confirms buying 16.8 million litres of petrol from dangote at n898 per litre .

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Home » Motoring

By Cornelia Le Roux

Digital Deputy News Editor

4 minute read

16 Sep 2024

Five in a row? Massive fuel price cut predicted for October

Mid-month fuel price data indicates a fifth consecutive cut in petrol and diesel in october. here are the latest figures..

Current data indicates that conditions are positive for another considerable drop in petrol and diesel prices in October. Picture: iStock

The fuel price forecast for October points to more relief at the pumps for South African motorists, with current data suggesting that substantial decreases for both petrol and diesel could become a reality if trends persist until the end of this month.

The predicted cuts can be attributed to the lower international prices of Brent crude oil and a stronger rand.

Following the September drop, motorists have been forking out R21.79 for a litre of 93 unleaded petrol and R22.19 per litre for 95 unleaded.

The price of diesel (0.05% sulphur) was reduced by 79c/litre and R1.05/litre for 0.05% sulphur and 0.005% sulphur respectively.

October fuel prices: Expected changes in petrol, diesel and paraffin

According to the latest data from the Central Energy Fund (CEF) , petrol prices are slated for an October decrease of more than R1/ litre, while diesel prices are edging towards a decrease of around R1.10/ litre.

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• Petrol 93:  Decrease of R1.19 cents per litre.
• Petrol 95:  Decrease of R1.28 cents per litre.
• Diesel 0.05% (wholesale):  Decrease of R1.10 per litre.
• Diesel 0.005% (wholesale):  Decrease of R1.11 per litre.
• Illuminating paraffin:  Decrease of R1.04 cents per litre.

If the current over-recoveries hold, it would bring petrol prices to below R21/ litre – its lowest level since way back in early 2022.

This is after petrol prices spiked by R3 per litre in consecutive hikes between January and May 2024.

Fuel price drivers: Rand/dollar and global oil prices

Petrol and diesel price changes are implemented on the first Wednesday of every month and are determined by two factors:

• The rand/US dollar exchange rate , which determines how fuel is purchased.
• Global oil prices , which determine how much fuel costs to purchase.

The official fuel price adjustments will come into effect on  Wednesday, 2 October.

The main driver for the current recovery is the lower international oil prices, boosted by a stronger overall rand compared to a month ago.

“The rand has been strong and stable, but more importantly, the price of Brent Crude has dropped from $80 a barrel a month ago and currently sits at about $72 a week, which is still good,” Old Mutual Group chief economist Johann Els was quoted as saying by IOL

• At the time of writing on 16 September, the rand stood at R17.66 against the American dollar.

ALSO READ: Fuel price cuts no cause for celebration for poor consumers in SA

Potential changes

The CEF is a state-owned energy company reporting directly to the  Department of Mineral and Petroleum Resources .

The latest data update however comes with the caveat that the unaudited CEF snapshots are not predictive and do not cover other potential changes to the fuel price like slate levy adjustments or retail margin changes.

• Stay tuned to The Citizen for more fuel price updates towards the end of this month.

 NOW READ:  Less petrol pain? Calls for fuel pricing review committee intensify

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