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A type of liquid fuel frequently used in engines is diesel. It is produced from crude oil using the distillation technique of refinement. Diesel fuel has unique characteristics that set it apart from petrol. It is distinguished by having a higher energy density, which increases the efficiency of the energy output per unit volume. Diesel fuel needs more heat to ignite than petrol because it has a higher flash point. Additionally, it is less volatile, which means it evaporates more gradually.
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Compared to petrol, diesel fuel has hydrocarbon chains that are heavier and longer. These features contribute to the way diesel fuel burns and make it suitable for use in diesel engines, which are renowned for their great torque and efficiency.
Key Details About the Diesel Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Diesel price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Diesel Price chart, including India Diesel price, USA Diesel price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Diesel Price Trend:
Crude oil is used to make diesel, a crucial energy source with several industrial uses. One of the main industrial uses for diesel is transportation, particularly for heavy-duty vehicles like trucks, buses, and locomotives. Diesel engines are favored because of their high efficiency and torque, which makes them suitable for demanding tasks and long distances. A few examples of agricultural machinery and equipment driven by diesel are tractors, harvesters, and irrigation pumps. Due to its high energy density and dependability, it is ideal for agricultural applications that are needed for sustained power production. Because of its energy density, efficiency, and versatility, it is a vital fuel for numerous industrial purposes, including supplying electricity for transportation, agriculture, construction, and emergency backup power. Because of its high calorific value and combustion properties, diesel fuel is utilized in some industrial processes, such as heating and drying applications.
Key Players:
- Chevron Corporation
- Robert Bosch GmBH
- Ishtar Company LLC
- PJSC Gazprom
- Royal Dutch Shell Plc
- Exxon Mobil Corporation
- PetroChina Company Limited
News & Recent Development
- 16 May 2023: Reliance launches premium diesel at rates less than PSU, check prices in Delhi, UP, Mumbai, Kolkata - According to multiple petrol station dealers, Reliance Industries Ltd., an Indian corporation that operates the largest refinery complex in the world, is selling diesel at a lower price than state fuel wholesalers, which is boosting local sales of their fuel. Tuesday saw the launch of an additive-laced premium diesel by jio-bp, the gasoline retailing joint venture between Reliance Industries Ltd. and the UK's bp Plc., the business claims offer enhanced mileage and save up to Rs. 1.1 lakh per truck. Prices for premium diesel are cheaper than those for regular or additive-free diesel offered by public sector (PSU) rivals.
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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