growing demand of petrol in the world

Soon the diesel cars will be dominating the Indian roads. Thanks to the rise in the petrol prices that has gone through the roof. According to the reports of the survey done by rating agency Care, around 90 per cent of the new car sales in the utility auto mobile segment are in the diesel variant, it is further growing in the passenger car segment also. The difference between diesel and petrol prices is a vital factor leading to the growth of the diesel car segment. The report also revealed that the government will not decontrol diesel prices completely in short term due to the increase in the cost of this primary transportation fuel which will result in stoke inflation.From the second quarter of fiscal year 2011 the De-regularization of the petrol prices has provided autonomy to oil firms for setting up the petrol prices as the crude oil price rise. In the last two quarter, the prices have been revised 6 times leading to 16 per cent hike in the petrol prices. On the contrary the diesel price witnessed a hike of 4.5 .As per Care, the average fuel price in every km for the diesel car variant is around Rs 1.7 per km which was Rs 3.5 per km for the petrol run car in January 2010. While the price hike for the fuel cost for the petrol variant presently spiked to Rs 5.3 per km, the price for the diesel variant increased only to Rs 2.3 per km. As per Care, the traveling distance is over 30 km per day, manufacturing diesel car models which will be cheaper than the petrol car model.The auto mobile industry is launching a new array of cars in the diesel variant.The auto mobile industry witnessed Volkswagen and Nissan Motors to enter the highly competitive small car segment in India. While the increasing fuel prices will keep the potential customers away.New cars to look forward to this year include Tate Manda Elan, Nissan Sunny, Maruti Cervo, Hyundai Avante, Toyota Etios Liva and Honda Brio and Chevrolet Beat