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.

• 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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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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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.”

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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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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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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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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A GUIDE TO YACHT FUEL: WHAT YOU SHOULD KNOW

Yacht fuel, a vital element for powering watercraft and setting sail into the open waters, plays a crucial role in the maritime industry. Whether you're a seasoned yachtie or a sailing enthusiast, understanding the intricacies of yacht fuel is essential. This article serves as a guide, shedding light on the types of yacht fuel, fuel efficiency, environmental concerns, and more.

What types of yacht fuel are there?

Yachts predominantly rely on two types of fuel - gasoline and diesel.

Gasoline: Typically used in smaller recreational boats and yachts, gasoline is a highly volatile fuel that requires careful handling and storage. It is commonly employed in outboard engines due to its lighter weight and ease of ignition.

Diesel: Larger yachts and commercial vessels usually favor diesel fuel. It offers superior fuel efficiency and is considered safer to handle than gasoline. Diesel-powered yachts are known for their long-range capabilities and lower fuel consumption.

Fuel Tanks and Storage

Yachts are equipped with onboard fuel tanks responsible for storing fuel during voyages. The size of these tanks varies widely depending on the yacht's dimensions, intended use, and range requirements. Proper storage and maintenance of fuel tanks are essential to ensure the safety and efficiency of the vessel.

Fuel Consumption and Efficiency

The fuel consumption of a yacht is influenced by several factors, including:

·      Yacht Size and Weight: Larger and heavier yachts typically consume more fuel than their smaller counterparts.

·      Engine Type: The type and efficiency of the engines play a significant role in determining fuel consumption.

·      Cruising Speed: Operating the yacht at higher speeds can significantly increase fuel consumption.

With environmental concerns becoming more prominent, the yachting industry has seen a surge in efforts to improve fuel efficiency. Manufacturers and designers focus on innovative technologies to reduce emissions and enhance fuel economy, making yachting more sustainable.

Fueling Stations and Prices

Marinas and ports worldwide offer fueling stations where yacht owners can replenish their fuel supply. These fueling facilities cater to both gasoline and diesel-fueled yachts. The prices of yacht fuel can vary based on the location, global oil prices, and local taxes. Many yacht owners plan their journeys strategically, taking into account the availability and cost of fuel at different ports.

Environmental Considerations

The impact of marine vessels, including yachts, on the environment has garnered increased attention in recent years. Emissions from combustion engines, fuel spills, and potential marine life disturbances are among the concerns. As a result, there is growing interest in exploring eco-friendly alternatives to traditional yacht fuel.

In response to these concerns, the yachting industry invests in developing sustainable technologies, such as hybrid propulsion systems, electric motors, and biofuels. The aim is to reduce the carbon footprint and minimize environmental harm while maintaining the luxury of yachting.

What does fuel consumption depend on?

Fuel consumption in various vehicles, including yachts, depends on several factors. The primary factors that influence fuel consumption are as follows:

·      Vessel Type and Size: The type and size of the vessel play a significant role in fuel consumption. Larger and heavier vessels typically require more fuel to move and maintain their momentum.

·      Engine Efficiency: The efficiency of the engine directly impacts fuel consumption. Modern engines equipped with advanced technologies tend to be more fuel-efficient than older, less sophisticated ones.

·      Driving Speed: Fuel consumption increases at higher speeds. Driving at higher velocities requires more energy to overcome air resistance, resulting in higher fuel consumption.

·      Load and Cargo: Carrying heavy loads or excessive cargo can cause the engine to work harder, increasing fuel consumption.

·      Weather Conditions: Extreme weather conditions, such as very hot or very cold temperatures, can affect fuel consumption. In colder weather, engines might take longer to reach their optimal operating temperature, thus reducing efficiency.

·      Maintenance: Regular maintenance, including air filter replacement and engine tune-ups, ensures optimal engine performance and improved fuel efficiency.

·      Fuel Type: Different fuel types, such as gasoline and diesel, have varying energy densities, which can affect fuel consumption.

As the yachting industry continues to evolve, embracing environmentally friendly practices and technologies will shape a brighter future for yachting enthusiasts, ensuring that the splendor of sailing is preserved for generations to come.

For further discussion and insights on this topic, check out the Main Deck to engage with other industry professionals and stay informed.

What Fuel Do Yachts Use? (All Types Explained in Detail)

Yachts, just like cars, require fuel to operate. However, unlike cars that run on gasoline or diesel, yachts can run on a variety of fuels, from traditional fossil fuels to more eco-friendly alternatives. In this article, we'll explore the different types of fuel used on yachts in full detail.

Some of the most common yacht fuels include diesel, gasoline, biofuels, natural gas, propane fuel, and electric or hybrid fuel systems that combine diesel and electric power. Using electricity produces no emissions or noise pollution, making it an eco-friendly option. However, they have a limited range and require frequent charging.

Sailing yachts typically use diesel, biodiesel, or electric propulsion systems, with diesel being the most commonly preferred. But what type of fuel is best for a specific type of yacht? Let's find out.

• Diesel fuel is highly efficient and widely available in most marinas; however, it produces more emissions than gasoline.
• Bio-diesel fuel can be used in any diesel engine with little to no modifications; however, it is not widely available and can be more expensive than diesel.
• Electric fuel sources are virtually silent and produce zero emissions, but you may need to recharge your batteries frequently.
• Converting your yacht to use natural gas can have significant upfront costs since you will need specialized refueling infrastructure.
• Propane is widely available at marinas, is less expensive than diesel or gasoline, and can be used in any gasoline engine.

On this page:

Types of fuel used in yachts, fuel for different types of yachts, factors to consider when choosing yacht fuel.

Below is a table showing the most common types of yacht fuel and their advantages and disadvantages:

Diesel fuel is the most common type of fuel used in yachts

Diesel fuel is a highly efficient fuel that provides excellent performance and fuel economy. It is also widely available and can be found at most marinas and fuel docks.

Advantages of diesel fuel

• Diesel fuel has a higher energy density than gasoline, which means you can get more power from a smaller amount of fuel.
• They are known for their torque and power making them ideal for larger yachts and long-range cruising.
• Diesel engines are more fuel-efficient than gasoline engines so you can save money on fuel costs in the long run.
• Diesel engines are built to last, and they require less maintenance than gasoline engines. For more information on the life expectancy of a marine diesel engine , you can read this article.

Disadvantages of diesel fuel

• Diesel fuel is generally more expensive than gasoline.
• Diesel engines are slower to accelerate than gasoline engines.
• Diesel fuel produces more emissions than gasoline, which can have a negative impact on the environment.

Gasoline is another fuel option for yachts

Small personal boats usually use regular gasoline with 10% ethanol or lower. However, larger boats like yachts usually use off-road diesel.

Advantages of gasoline

• Gasoline engines are known for their fast acceleration, which makes them ideal for water sports and other activities that require quick bursts of speed. They are also used to power smaller types of yachts.
• Gasoline is widely available so it is easy to refuel your yacht.

Disadvantages of gasoline

• Gasoline has a lower energy density than diesel fuel.
• Gasoline engines are less fuel-efficient than diesel engines, so you'll spend more money on fuel in the long run.
• Gasoline engines are generally less durable than diesel engines, so they require more maintenance and may need to be replaced more frequently.

Bio-diesel fuel is a renewable fuel source

Bio-diesel fuel is a renewable fuel source that is made from vegetable oils, animal fats, or recycled restaurant grease. It is a clean-burning fuel that produces fewer emissions than traditional diesel fuel. Bio-diesel fuel can be used in any diesel engine with little to no modifications.

Advantages of bio-diesel

• Bio-diesel is made from renewable sources and produces fewer emissions than diesel.
• Bio-diesel produces fewer emissions than diesel, which makes it a more environmentally friendly option.

Disadvantages of bio-diesel

• Bio-diesel is not widely available.
• Bio-diesel is generally more expensive than diesel.

Electric and hybrid fuel systems are becoming more common in yachts

These systems use electric motors and batteries to power the yacht, with a diesel or gasoline generator as a backup. Electric and hybrid systems are quiet, efficient, and environmentally friendly.

Advantages of electric motor fuels

• Electric motors are virtually silent, which makes for a more peaceful cruising experience.
• Electric motors produce zero emissions.
• Electric motors are very efficient, so you'll spend less money on fuel and maintenance in the long run.

Disadvantages of electric motor fuels

• Electric motors have a limited range so you'll need to recharge your batteries frequently.
• Electric motors are generally slower than gasoline and diesel engines.
• Electric propulsion systems are generally more expensive than traditional gasoline or diesel engines.

Natural gas fuel can also be an option for yachts

Natural gas is a clean-burning fuel that produces fewer emissions than diesel or gasoline. However, it is not widely available at marinas and fuel docks. If you plan on using natural gas as your yacht's primary fuel source, you might need to install a natural gas storage tank on board.

Advantages of natural gas

• Natural gas produces fewer emissions than diesel or gasoline, which makes it a more environmentally friendly option.
• Natural gas is generally less expensive than diesel or gasoline, which can help reduce your operating costs.

Disadvantages of natural gas

• Natural gas is not widely available so it's difficult to find refueling stations.
• Converting your yacht to use natural gas can be expensive
• Natural gas requires specialized refueling infrastructure

Propane is another clean-burning fuel option for yachts

Propane is widely available at marinas and fuel docks and is less expensive than diesel or gasoline. It can be used in any gasoline engine with little to no modifications.

Advantages of propane

• Propane produces fewer emissions
• It is generally less expensive, which can help reduce your operating costs.
• Propane is widely available, which makes it easy to refuel your yacht.

Disadvantages of propane

• Propane has a lower energy density than diesel or gasoline.
• Propane requires specialized refueling infrastructure, which can be difficult to find in some areas.
• Converting your yacht to use propane can be expensive.

Below is a table showing the different types of fuel used for different types of yachts:

Fuel for sailing yachts

Sailing yachts typically use diesel, biodiesel, or electric propulsion systems. Diesel engines are commonly used in larger sailing yachts that require a lot of power, while biodiesel is often used by eco-conscious yacht owners who want to reduce their environmental impact.

Electric propulsion systems are becoming increasingly popular in sailing yachts due to their quiet operation and zero emissions, making them an excellent choice for eco-conscious yacht owners.

If you want to know how much fuel a sailboat consumes , you can read this article.

Fuel for motor yachts

Motor yachts can use a variety of fuel types, including diesel, gasoline, biodiesel, and electric. Diesel engines are commonly used in larger motor yachts that require a lot of power, while gasoline engines are often used in smaller sporty yachts that are designed for speed and agility.

Biodiesel is often used by eco-conscious yacht owners who want to reduce their environmental impact. Electric motors are becoming more popular on motor yachts, particularly for smaller vessels. However, they may have a limited range and require frequent recharging, which can be a challenge on longer trips.

Fuel for catamarans

Generally, diesel fuel is the most common and preferred fuel for catamaran yachts because it provides better fuel efficiency, longer range, and greater power compared to gasoline. However, some catamaran yachts may also use alternative fuels such as biofuels or electric propulsion systems.

If you own a catamaran or plan to buy one , fuel costs are one of the recurring costs you might need to account for.

Fuel for trawlers

Traditionally, trawlers have used diesel as their primary fuel source because diesel engines are known for their efficiency and durability. Diesel fuel is also widely available and relatively inexpensive compared to other fuel options.

However, there are alternative fuel options that are becoming more popular in the marine industry, such as liquefied natural gas (LNG) and biodiesel. LNG is a cleaner-burning fuel that emits fewer greenhouse gases and pollutants than diesel, making it a more environmentally friendly option.

Biodiesel is a renewable fuel source made from vegetable oils or animal fats, which reduces dependence on fossil fuels and has lower emissions.

Fuel for superyacht

Diesel fuel is often the preferred choice for superyachts due to its high energy density and efficient combustion properties. Diesel fuel is also readily available at most ports around the world, making it a convenient choice for yacht owners and operators.

However, some superyachts may also use alternative fuels such as biodiesel or liquefied natural gas (LNG) for environmental or cost-saving reasons. Some superyachts also use gas turbines or electric propulsion systems as an alternative to traditional diesel engines.

Gas turbines are known for their high power output and efficiency, making them a popular choice for larger yachts that require high speeds or long-range cruising capabilities. Electric propulsion systems, on the other hand, are becoming increasingly popular due to their environmental benefits and quiet operation.

Electric propulsion systems can be powered by batteries, fuel cells, or a combination of both, and can provide a smooth and efficient ride for passengers. However, electric propulsion systems may not be suitable for all types of superyachts, as they typically require a significant amount of battery storage and charging infrastructure, which can be challenging to install and maintain on larger vessels.

When chartering a superyacht , fuel costs generally cost around $4,760 to $11,900 per day (depending on distance and speed).

Fuel for megayacht

In general, the most common fuels used for megayachts are diesel and gasoline. Diesel is the preferred fuel for larger yachts because it is more efficient and has a longer range than gasoline.

Diesel engines are also more durable and require less maintenance than gasoline engines. Additionally, it is more widely available in most parts of the world, making it easier to refuel during long voyages.

On the other hand, gasoline is preferred for smaller yachts because it is more affordable and easier to handle than diesel. Gasoline engines are also quieter and more responsive than diesel engines so they are ideal for high-speed cruising.

In recent years, there has been a growing interest in using alternative fuels such as biodiesel, hydrogen, and electric power for mega yachts. These fuels are more environmentally friendly and can help reduce the carbon footprint of yachting. However, they are still in the early stages of development and may not be suitable for all types of yachts.

Here are some of the most important factors to consider when choosing the right fuel for your yacht:

Consider the cost of fuel when choosing the right fuel for your yacht

Below is a table comparing the estimated pricing of alternative yacht fuels as compared to traditional fuel:

Propane, natural gas, and electric power can certainly be used as alternative fuels for yachts, and they can be cost-effective options in some cases. However, propane and natural gas may not be readily available in all locations, and electric power requires a significant amount of battery storage and charging infrastructure, which can be expensive and may not be practical for all yachts.

Availability is another important factor to consider

Some areas may have limited access to certain types of fuel due to a lack of infrastructure, regulations, or other factors. For example, biodiesel may not be readily available in some areas, while natural gas and propane may require additional storage equipment that may not be practical for all yachts.

Therefore, you might need to plan ahead and make sure you have enough fuel for your trip. This means considering the distance you will be traveling and the availability of fuel along your route. If you are traveling to remote areas or areas without access to the necessary infrastructure, it may be more practical to choose a fuel that is more widely available.

The environmental impact of fuel is a growing concern for many yacht owners

Some fuels are more environmentally friendly than others, so you can perhaps try to choose a fuel that minimizes your yacht's impact on the environment. Biofuels and electric power are becoming more popular options for yacht owners who want to reduce their carbon footprint.

The type of fuel you choose must be compatible with your yacht's engine

Some engines are designed to run on specific types of fuel, and using the wrong fuel can cause significant damage to the engine and even pose safety risks.

A gasoline engine is designed to run on gasoline fuel, while a diesel engine is designed to run on diesel fuel. If you mistakenly use gasoline in a diesel engine, the fuel injection system can be damaged, and the engine may not start or run properly.

The distance and duration of your yacht trips can also affect your choice of fuel

If you're planning a long trip, you might need to consider the range of your fuel. Some fuels have a longer range than others, meaning they can power your yacht for a longer distance and duration before needing to refuel.

Diesel fuel generally has a longer range than gasoline, making it a popular choice for long-range yacht trips. This is because diesel engines are generally more fuel-efficient than gasoline engines and can travel farther on a tank of fuel.

If you're only planning a short trip, you may be able to use less expensive fuel, such as regular gasoline. This can save you money on fuel costs, but ensure that the fuel you choose is still appropriate for your yacht's engine.

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How Much Fuel Does a Sailboat Use?

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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How much does it actually cost to fuel a boat ?

• Thread starter Patrick1964
• Start date 10 Aug 2021
• 10 Aug 2021

Patrick1964

I’m looking at buying my first motorboat in the next few months. Loads are for sale, some with twin inboard petrol V8’s, some with single inboard diesels and of course there‘s a choice of outboards too. I can’t help thinking that running a boat with twin petrol inboards must be incredibly expensive, but what about an in board diesel, or (say) 100hp four stroke outboard ? What is the cost of fuel for an average day on the water ? I’d guess a bit of a cruise down the coast, a spot of fishing, tow a toy for an hour and then cruise home ? cheers, Patrick  

Well-known member

What sort of boat are you looking at ? eg size / type . Give us an example . What speed did you have in mind You could consume 20 litres or 200+ litres in a few hours . Are there really loads for sale or are they old adverts ?  

Baggywrinkle

Fuel consumption calculator - MerCruiser - Volvo Penta - Crusader - Mercury - Evinrude - Honda Marine - Yamaha Marine - Suzuki Marine - Tohatsu - Johnson - Outboards | GPH MPG LPH KPL For comparison, my 29hp inboard diesel on a sailing boat uses approx 2,4 litres per hour at around 2000 rpm .... which gets you about 10-12km.  

you probably need to be more precise in exactly what boat and engine combination you are looking at. [ Inappropriate content removed ]  

Let’s say an 18ft sports cruiser with a 100hp four stroke outboard then, something like this, which is sold. Galeon - Galia 530 *Sold* For Sale in Dorset | Gibbs Quay Boat Sales |  

The useage you are describing I would expect about 1.5 litre per nautical mile but with a 130 litre tank I'd expect that kind of usage (towing toys) would double that easily. As a day boat go by the tank size. Expected usage about 80 litre a trip (2/3rds a tank)  

MartynG said: What sort of boat are you looking at ? eg size / type . Give us an example . What speed did you have in mind You could consume 20 litres or 200+ litres in a few hours . Are there really loads for sale or are they old adverts ? [/QUOTEthere are a lot of boats for sale, most of which are out of my budget ? Click to expand...

jon and michie

Also factor weather conditions, condition of the hull (anti foul is a must if kept in the water all the time) if you are towing the boat to and from then outboard petrol would be fine - however if kept in a marina most only stock diesel so a bit of messing about with jerry cans each time you want to use it.  

jon and michie said: however if kept in a marina most only stock diesel so a bit of messing about with jerry cans each time you want to use it. Click to expand...

julians said: That's a bit of a generalisation/assumption. I think that's true in the UK, but in the civilised world (Balearic Islands and presumably a lot of other locations ) petrol in marinas is plentiful. Never really understood why there aren't more petrol pumps in UK marinas, I guess the demand isn't there, but I find it surprising given the popularity of petrol outboards these days. Click to expand...

A slightly different explanation is that the more horses you want to work and the harder they pull, the more you need to feed them. Talking about a planing boat like the Galeon 530 you'll be able to achieve a top speed depending on the actual load and the hp available. More weight takes (much) more power. The same goes for speed, so if you want to go fast with a lot of weight, you'll consume a lot more. OTOH, if you keep it modest you save. The Galeon is rated for max 150 hp and a max GW of 1826 kg. It has a modified V hull. A modified V-hull at 1826 kg can be pushed to 33 knots by 150 hp. According to Yamaha their 150 burns 60 liters (13.2 gallon) per hour at full power and approx. 24 liters (5.2 gallon) at 50%. Yamaha Europe publish these facts for 120 boat/motor combos here . Swedish language but I'm certain you get the picture. BTW fuel is not the only cost to consider. Depreciation, berth/trailer, insurance, maintenance, equipment/upgrades etc.  

julians said: Never really understood why there aren't more petrol pumps in UK marinas, I guess the demand isn't there, but I find it surprising given the popularity of petrol outboards these days. Click to expand...

pretty much what everyone else has said. We ran a Searay 240 last year with a 5.0v8 inboard. We usually had 6-8 people on board and travelled maybe 30nms. I guess that we used £100-150 petrol at a time. We are based in Swansea so often it was out and around the coast and back and other times it was Penarth (Cardiff) and across to ilfracombe etc and back over a few days. My man-maths decided that a 3day away trip with Mrs Milli and we didn’t need a hotel saved up £400. The smiles per mile thou (I hate that saying!) is definitely worth it.  

mil1194 said: My man-maths decided that a 3day away trip with Mrs Milli and we didn’t need a hotel saved up £400. Click to expand...

Patrick1964 said: I’m looking at buying my first motorboat in the next few months. Loads are for sale, some with twin inboard petrol V8’s, some with single inboard diesels and of course there‘s a choice of outboards too. I can’t help thinking that running a boat with twin petrol inboards must be incredibly expensive, but what about an in board diesel, or (say) 100hp four stroke outboard ? What is the cost of fuel for an average day on the water ? I’d guess a bit of a cruise down the coast, a spot of fishing, tow a toy for an hour and then cruise home ? cheers, Patrick Click to expand...

• 11 Aug 2021

Tell fibs at the UK fuel berth and pay only the heating rate duty , lets call it 50p per litre.  

MartynG said: Perfectly sensible maths there . We recently had a 17 night holiday on our boat which cost about £1000 if we add together fuel and berthing costs. So averages under £60 per night. Self catered mostly and did not spend extravagantly when we did eat out out so pretty much a normal daily spend on food. For a couple that is a cheap holiday . For 8 nights of it we had the one of the best outlooks in town. View attachment 120454 Click to expand...

jon and michie said: where abouts is that MartynG ? - Looks very similar to Wells Click to expand...

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CAPE TOWN FOR CAPETONIANS

Fuel prices set for major cuts in September

Mid-month data from the Central Energy Fund (CEF) indicates that motorists in South Africa can expect another significant reduction in fuel prices in September, Cape {town} Etc reports.

Also read: Western Cape Sassa offices reopen after strike disrupts services

According to the CEF’s projections, petrol prices could drop by approximately 65 cents per litre, while diesel prices are likely to decrease by 53 to 77 cents per litre.

If current market trends continue, this will mark the fifth consecutive month of fuel price reductions, bringing some relief to drivers and putting the year-to-date adjustments in positive territory.

The expected changes are as follows:

• Petrol 93: down by 62 cents per litre
• Petrol 95: down by 67 cents per litre
• Diesel 0.05% (wholesale): down by 53 cents per litre
• Diesel 0.005% (wholesale): down by 77 cents per litre
• Illuminating paraffin: down by 78 cents per litre

It’s important to note that the CEF does not provide daily snapshot data for LP Gas.

The Department of Mineral Resources and Energy (DMRE) has emphasised that these daily snapshots are not predictive and do not account for other potential adjustments, such as slate levy changes or retail margin shifts.

The department determines the final adjustments at the end of the month, considering various factors.

Fuel prices in South Africa are mainly influenced by the rand/dollar exchange rate and international oil prices.

These prices are adjusted monthly on the first Wednesday, based on these two factors. For September, oil prices have been lower compared to July, but the rand has weakened slightly, which has slightly offset the over-recovery.

Oil prices are currently trading below $80 per barrel, a positive sign for local fuel pricing.

Recent market volatility has been driven by concerns over a possible recession in the United States, tensions in the Middle East, and a slowdown in China’s economy, the world’s largest oil consumer.

Despite this, oil prices have stabilised in recent sessions, with concerns over potential Iranian actions against Israel outweighing weaker Chinese demand data.

According to Bloomberg’s analysis, crude oil prices have declined from their peak in early July due to a dim outlook for consumption in China, where demand has been dampened by the increased use of cleaner fuels. OPEC has lowered its global demand forecast for 2024, and the International Energy Agency’s data suggests the market could experience a surplus next quarter if OPEC follows through with plans to increase supply.

Brent crude recently traded near $80 per barrel after dropping 3.1% over two days. In China, apparent oil demand fell by 8% in July compared to a year ago, further dampening the outlook for Asia’s largest economy.

In South Africa, the current oil prices are contributing to an over-recovery of 58 to 82 cents per litre in local pricing, according to Business Tech .

The rand has also had a turbulent few weeks in August, influenced by market fluctuations and a sustained positive shift in sentiment regarding the Government of National Unity and expected reforms.

Investec Chief Economist Annabel Bishop predicts continued volatility for the rand, particularly as the start of interest rate cuts approaches.

The US Federal Reserve is expected to begin cutting rates in September, which could strengthen the rand. However, the South African Reserve Bank is also anticipated to start its cutting cycle around the same time, which may limit the rand’s gains.

Currently, the rand is trading at around R18 to the dollar, stronger than the R18.60/$ seen after the recent market panic but still weaker compared to July, when it traded below R18.00 following the positive outcome of the 2024 elections and the formation of a new government. The weaker rand relative to July is causing a 5 cents per litre under-recovery in local pricing.

Here’s how the price changes will be reflected at the pumps (note that diesel prices are wholesale, so pump prices may vary):

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Gas prices up a penny in latest N.L. price update

Gas up 1 cent per litre, social sharing.

Drivers in Newfoundland and Labrador are facing a slight increase at the pumps on Thursday.

The Public Utilities Board raised the maximum price of gasoline by one cent per litre as part of its weekly price adjustment.

The change comes on the heels of a 2.3-cent drop last week, and has been part of a zigzag pattern through recent weeks, with prices winding up almost exactly where they were when summer started eight weeks ago. 

Thursday's setting means customers on the Avalon Peninsula, where prices usually are cheapest, will now pay a maximum of $1.777 per litre.

Maximum prices vary in other parts of the province, but now range between $1.78 and $1.95 per litre across other parts of Newfoundland and between $1.64 and $2.20 per litre across Labrador.

The price of diesel decreased by marginally, if at all. Diesel is down 0.2 cents per litre across much of the province, while Labrador West and Churchill Falls saw no change. 

Furnace oil was lowered by 0.16 cents per litre, meaning customers in Newfoundland will pay between $1.11 and $1.29 per litre.

Stove oil decreased by the same amount, except by just 0.05 cents in Labrador West and Churchill Falls. The change means customers in Newfoundland will pay maximum prices between $1.16 and $1.34 per litre depending on their location, while customers in Labrador will pay between $1.24 and $1.95 per litre.

Propane decreased by 0.8 cents per litre, putting maximum prices between 95 cents and $1.08 per litre in Newfoundland and between 82 cents and and $1.26 per litre in Labrador.

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Queensland premier pledges to establish state-owned petrol stations and cap on fuel price hikes in re-election bid

Live Moment Queensland premier pledges to establish state-owned petrol stations and cap on fuel price hikes in re-election bid

Queensland Premier Steven Miles says Labor will establish 12 publicly owned fuel stations if re-elected in October, with the sites to be determined by where competition is most needed across the state.

Mr Miles said the state-owned fuel stations would operate on a cost recovery basis and would sell petrol and diesel, alongside electric vehicle fast chargers.

"Publicly owned fuel stations will charge a fair price for fuel, increase competition, and ensure Queenslanders have more choice when it comes to filling up," he said. 

In his State of the State address on Tuesday, Mr Miles also announced Labor's plan to ban petrol stations from raising the price of fuel more than once a day and a trial to cap price increases to 5 cents a litre a day. 

Australasian Convenience and Petroleum Marketers Association chief executive Mark McKenzie told ABC Radio Brisbane it was unclear if Labor had the ability to implement the plan.

"We'll adapt to where the government goes," he said.

"I suppose the big thing is we're scratching our heads to sort of say, 'well how are they actually going to do that?'

"There's no legislative mechanism or precedent, not just here in Australia [but] anywhere in the world."

Asked how he would legislate the price cap, Mr Miles said similar measures had been implemented in other states, with Western Australia requiring 24 hours notice before the price is increased.

"It is all about trying to shorten the cycle to work out which day of the week you can fill up," he told ABC Radio Brisbane.

'We need to see more competition'

Mr Miles said he expected the 12 state-owned petrol stations would be opened in Brisbane and some regional areas, adding that he had been "convinced by the RACQ that we need to see more competition".

"Nowhere else in Australia has the market concentration that we have in Brisbane," he said.

"We want to first support independents into the market, but where that fails or where that doesn't happen quickly enough, we are going to set up state-owned petrol stations."

Mr McKenzie described the plan as a "bold and risky move with Queensland taxpayer funds".

"The government is going to enter a complex market, with a very complex and intense competition dynamic, and they are going to use taxpayer funds to run a series of enterprises," he said.

Shadow treasurer David Janetzki said he was concerned state-owned petrol stations would put small businesses at risk.

"The big corporates will win and ultimately independent operators and corner stores will fold," he told ABC Radio Brisbane.

Fuel price cycle not in 'best interest of motorists'

The RACQ reported for the March quarter of this year the retail margins on unleaded petrol in Brisbane were almost triple those charged in Perth.

RACQ General Manager of Advocacy Joshua Cooney said Brisbane was consistently the most expensive capital city in the country for fuel. 

"We have a fuel price cycle that doesn't work in the best interests of motorists," he told ABC Radio Brisbane. 

"For many years now motorists have faced eye-watering prices at the bowser with record high fuel margins and unjustified price hikes, so something has to give."

Mr Cooney said the fuel price cycle in south-east Queensland had stretched out to seven weeks 

"That means you get stung once at the peak you are bound to be stung again if you are a regular commuter and that is just not acceptable," he said. 

Mr McKenzie said while implementing a cap would flatten the cycle, he believed it could also come with the risk of increasing the average price throughout the year.

"I'm not quite sure how a government can cap an element of price when the majority of price is moving as a result of global factors — it just doesn't make any sense," he said.

During his address on Tuesday, Mr Miles also announced that if re-elected in October, Labor will establish a new Independent Transport Authority.

This will see Translink moved out from under the Department of Transport and Main Roads, and work with Queensland Rail and local governments as a one-stop shop for trains and buses.

Live Moment

Look back at how ABC readers and other Australians responded to this live moment.

State-owned fuel station locations would be selected 'based on maximising competition'

Closing today's State of the State address, Mr Miles is touching on today's pledge to establish 12 state-owned fuel stations if re-elected in October.

He says they'll be operate on a cost-recovery basis and will sell petrol and diesel alongside electric vehicle fast chargers at sites yet to be determined.

This is where we'll leave today's live coverage.

'A better public transport system creates real productivity gains'

Mr Miles says the government will invest an extra $75 million to add 160,000 extra trips to the Brisbane bus network every year.

He's also announced plans to establish a new Independent Transport Authority, which will see Translink moved out from under the Department of Transport and Main Roads.

Premier says commuters collectively saved about $1m through 50c fares yesterday

The premier is outlining his vision for the public transport network now.

He says 50-cent fares are "just the start".

Wondering what this is? Join us next time we're live and be part of the discussion.

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Dangote Refinery denies fixing petrol price at N600 per liter  

The management of Dangote Group has firmly refuted circulating reports that it has set the pump price of petrol at N600 per liter for sale to marketers nationwide.  

In a statement on Tuesday, the group’s spokesperson, Anthony Chiejina, clarified that the speculation reported by a national daily—suggesting that marketers expect the refinery to sell petrol at N600 per liter—is not reflective of the refinery’s position.  

Chiejina emphasized that the Independent Petroleum Marketers Association of Nigeria (IPMAN) is not affiliated with the refinery and has no authority to speculate on the price at which the management intends to sell petrol.  

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“Our attention has been drawn to headlines announcing “Marketers Project N600/litre for Dangote Petrol” published in Punch Newspapers of Tuesday August 13, 2024.  

“We would like to clarify that Independent Petroleum Marketers Association of Nigeria (IPMAN) is not our business partner yet.   

“We have never discussed price of Premium Motor Spirit (PMS) with them, and they have no mandate or authority to speak for us, either for good or with hidden transcript.  

“We urge the public to desist from such speculative announcements. We have our official channels through which we make our views known to our stakeholders,” Chiejina said.   

Backstory  

A media outlet (not Nairametrics) earlier today reported that marketers are projecting Dangote Refinery to sell its Premium Motor Spirit (PMS) at N600 per liter.   

According to the report, the Independent Petroleum Marketers Association of Nigeria (IPMAN) expressed confidence that the Dangote Refinery would lower the price of petrol, similar to its impact on diesel prices.   

IPMAN leader, Hammed Fashola, mentioned that the association has engaged in business discussions with some officials from the refinery regarding a potential partnership and that marketers are awaiting a response from Dangote.  

“The discussion continues. We are on course. I think very soon we will conclude the discussion. We are waiting,” he said.  

What you should know

Dangote refinery, located in the commercial hub of Nigeria, Lagos State, is expected to roll out PMS anytime soon.   

According to the CEO of the $19 billion petrochemical plant, Aliko Dangote, projected that the refinery would begin the production of petrol between August 10 and 12, 2024.    

While the refinery is yet to begin the sales of petroleum products, the general feeling is that the refinery will help reduce the cost of import dependency in the oil and gas sector and also drive investment across the value chain.   

The refinery is also expected to export some of its products to neighboring African countries as well as the Caribbean’s.   

Cyrus Ademola

• Cyrus Ademola is a political and economy analyst with over half a decade experience in journalism, research-based oped, economic reportage and political analysis. His works have been featured on different media outlets, covering from politics to business trends, to crime and security as well as the real estate sector.

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Marketers Finally Set Petrol Prices from Dangote Refinery, Says Costs Will Crash

• Petroleum Marketers have disclosed the amount at which they expect the Dangote Refinery to sell petrol when it releases the product to Nigerians
• The Independent Petroleum Marketers Association of Nigeria (IPMAN) said they expect the refinery to crash the price of the product
• They said that they expect that Dangote Refinery would sell the product at about N600 per litre to them

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Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

Independent petroleum marketers in Nigeria hope that the Dangote Petroleum Refinery will sell its petrol at N600 per litre when it launches it into the Nigerian market.

The marketers under the Independent Petroleum Marketers Association of Nigeria (IPMAN) said they believe that the 650,000-capacity refinery would crash the price of petrol like it with diesel. 

Marketers set actual petrol pump price, explain decision to end import

Marketers hope for a price crash

IPMAN national vice president Hammed Fashola disclosed on Monday, August 12, 2024, that the facility would reduce its fuel cost if it received the needed support regarding crude oil supply.

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Punch reports that Hammed said the Nigerian Petroleum Company Limited (NNPCL) sells petrol to marketers at N570 per litre, while IPMAN members buy from private depots above N700.

He disclosed that the marketers might ditch the NNPC and the depots if Dangote has better pricing.

According to the IPMAN top shot, the marketers hope Dangote can sell at about N600 per litre, depending on the company's cost of production.

He said the NNPC has some subsidy embedded in its pricing, saying there is something hidden in NNPC pricing.

Landing costs rise above N1,000 per litre

Dangote, 7 other refineries set to produce fuel in August, seek 597,700 barrels of crude oil daily

Legit.ng earlier reported that the landing cost of petrol hit around N1,100 sometime ago, forcing the Nigerian government to subsidise pump prices.

Fashola disclosed that the refinery crashed diesel prices from N1,600 to N1,000 per litre.

He said Nigerians now buy diesel at N1,200, and marketers expect the same with petrol from the Dangote Refinery.

According to the IPMAN leader, the association has been discussing a potential partnership with some refinery officials, stating that marketers are waiting for Dangote.

The IPMAN leader said the association has had business discussions with some refinery officials on a possible partnership, saying the marketers are waiting for Dangote.

Nigerians expectant of Dangote petrol

A previous report by Legit.ng disclosed that the Chairman of the Dangote Group, Aliko Dangote, said last month that the $19 billion refinery would begin producing petrol in August 2024.

Analysts have said the crude oil crisis might delay the refinery’s plans to roll out petrol as scheduled.

NNPC sends message to FG on petrol imports as landing costs increases to new high

Meanwhile, another report has said that marketers have disclosed that petrol cannot sell below N1,500 per litre in the current situation

The marketers disclosed that the level of supply, which leaves a gap between the cost-reflective price and present pump price of about N617 and N820 per litre, is disrupting supply.

Dangote, 7 other refineries set to produce fuel in August

Legit.ng earlier reported that data from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) shows that about eight Nigerian refineries are expected to commence operations in August 2024.

The refineries’ combined capacity is estimated at 864,500 barrels per day, which places a huge demand on the NUPRC for crude oil.

Some refineries, including the Port Harcourt refinery, Waltersmith Refinery, the Dangote Refinery, and others, demand about 597,700 barrels of crude oil from the oil regulator.

Proofread by Kola Muhammed, journalist and copyeditor at Legit.ng

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Source: Legit.ng

Pascal Oparada (Business editor) Pascal Oparada is a Mass Communications Graduate from Yaba College of Technology with over 10 years of experience in journalism. He has worked in reputable media organizations such as Daily Independent, TheNiche newspaper, and the Nigerian Xpress. He is a 2018 PwC Media Excellence Award winner. Email:[email protected]