Petrol fuel cost as per current rate - how this calculation is done per km as per current petrol price?

Hi, Our Company is introducing a new policy. The Company is into It service and support. We have Sales Department (BDM, Sales Director). So we wanted to implement the Petrol Price to be given per Km For 4 wheeler car and 2 wheeler bike. Keeping as the Petrol Price of Mumbai Rs 98.88/ litre and Chennai petrol price Rs 94.31/litre. I want how this calculation is done per km as per current petrol price and diesel price. Please don't tell me to refer to the previous post as they are old 2011 doesn't make sense.

Is there anyone who can resolve this query???

Dear All,

I believe we should calculate the following particulars-

for 4 Wheeler Car ,considering petrol cost Rs-98.88/ ltr
Average vehicle Mileage @ 15 km per Ltr (petrol) considering at lower side
(a) Cost of fuel = 98.88/15 = Rs-6.592 per km
Periodically Service cost - considering average cost Rs-5000 @ Every 10 thousand KM driving
(b) Average Service cost= 5000/10000 = Rs-0.50 per km
Annual Insurance cost - considering average Rs-20000 for annual driving of 30000 km
(c) Insurance cost = 20000/30000 = Rs-0.68 per km
Cost of tyre- average tyre life 30-40 thousand driving km
(d) Tyre Cost= 15000/30000 = Rs-0.50 per km

So 4 wheeler car running cost = 6.592+0.50+0.68+0.50 =Rs-8.27 per Km(a+b+c+d)

In the same manner for 2 wheeler

Average vehicle Mileage @ 45 km per Ltr (petrol) considering at lower side
(a) Cost of fuel = 98.88/45 = Rs-2.20 per km
Periodically Service cost - considering average cost Rs-1000 @ Every 2000 KM driving
(b) Average Service cost= 1000/2000 = Rs-0.50 per km

(c) Insurance cost = 4000/30000 = Rs-0.15 per km
Cost of tyre- average tyre life 15-20 thousand driving km
(d) Tyre Cost= 4000/15000 = Rs-0.25 per km

2 Wheeler running cost will be- 2.20+0.50+0.15+0.25 = Rs-3.10 per Km (a+b+c+d)

You may work on same and hope it will resolve your query.

Thanks & Regards
Sanjeev Arora

Good information
Thanks for sharing

Ram K Navaratna

Sayali

The earlier format / formulae may be old, but why do you find them invalid ?
What you need to do is understand the working and then substitute the current values for the outdated ones. So perhaps you need to change the price of petrol there and nothing more.

Is there something in the formulae that are no longer valid?