Reasons why petrol is costlier than kerosene:
1. Refining Process:
Petrol goes through a more intensive refining process compared to kerosene, which requires additional steps and resources. This additional processing makes petrol more expensive to produce.
2. Market Demand:
Petrol is in higher demand compared to kerosene due to its usage in various sectors such as transportation, manufacturing, and agriculture. The higher demand for petrol leads to a higher price in the market.
3. Taxes and Regulations:
Governments often impose higher taxes on petrol compared to kerosene due to environmental concerns and to discourage excessive consumption. These taxes contribute to the higher cost of petrol.
4. Quality and Performance:
Petrol is a higher quality fuel compared to kerosene, as it has a higher energy content and better performance. These factors also contribute to the higher price of petrol.
5. Global Market Prices:
The global market prices of crude oil, from which petrol and kerosene are derived, can also influence the final cost of these fuels. Fluctuations in the global market can impact the prices of petrol and kerosene differently.
In conclusion, the cost difference between petrol and kerosene can be attributed to various factors such as the refining process, market demand, taxes, quality, performance, and global market prices.