These countries control the price by limiting supply through a cartel. Supply and demand: The supply of petrol depends on a handful of oil-producing countries in the Middle East and other countries like Russia, Brazil, and Venezuela.Some factors that may impact petrol and diesel price include So, the price of fuel will depend on the price of crude oil that is decided internationally. Petrol and diesel are the products of crude oil. 120/litre, he can estimate the cost using the fuel cost calculator as (340/17) *120= 2400 INR, so he will keep aside a provision of Rs.2400 for the cost of fuel during the trip. So, if Ramesh has to plan his next trip of 340 Km and the cost of the petrol is Rs. Thus, the mileage of the car is 510/30 = 17 km/l. The trip metre shows a reading of 510 km, which means the car has run a distance of 510 km in one week and consumed 30 litres of petrol. One week later, he asks the pump operator to fill his tank again and realises that the tank will take 30 litres of petrol.
#Driving expenses calculator full#
In that case, you can calculate it by using the trip metre after filling the tank to full capacity and measuring the distance run at the next refill and the formula of the Fuel Mileage Calculator.įor example, Ramesh fills his Honda City car with a tank capacity of 45 litres in full and sets the trip metre to 0. Suppose you do not know the mileage of your vehicle. To get the right output from the Petrol cost calculator, you should know the accurate mileage of your vehicle. For this, you will need to provide the following inputs to the calculator: Jupiter’s fuel cost calculator can help you estimate your annual expense on fuel in advance. Here is the formula:įuel cost=(Trip Distance/mileage)X per unit price of Fuel Once you have all this data, you can input them into the fuel cost calculator.
Using a calculator for fuel costs can help you anticipate the expenses on fuel and take necessary action to keep your budget on track.Ī fuel cost calculator help calculate estimated costs based on certain inputs, including,
It is a tool that can calculate the fuel cost depending on the distance to be travelled, mileage of your car and the per-unit cost of fuel, both petrol and diesel. If you struggle with tracking your fuel expenses, a fuel cost calculator can help you. It can also increase our cost of moving around and commuting, thus, messing with our budget. An increase in the cost can lead to an overall increase in the price of goods and services. The fuel cost affects almost every aspect of our life.
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