Get comprehensive insights into the Diesel market, with a focused analysis of the Diesel price trend across Asia, Europe, North America, Latin America, and the Middle East & Africa.

In April 2025, one gallon of diesel cost an average of 3.57 U.S. dollars in the United States. That was a decrease compared to the month prior and also lower than prices in April 2024. Impact of crude prices on motor fuel consumer prices Diesel prices are primarily determined by the cost of crude oil. In fact, crude oil regularly accounts for around 50 percent of end consumer prices of diesel. As such, supply restrictions or weak demand outlooks influence prices at the pump. The fall in diesel prices noted in the latter half of 2024 is a reflection of lower crude prices. Diesel and gasoline price development The usage of distillate fuel oil began in the 1930s, but until further development in the 1960s, diesel vehicles were mostly applied to commercial use only. In the U.S., diesel-powered cars remain a fairly small portion of the automobile market and diesel consumption is far lower than gasoline consumption. In general, gasoline also tends to be more widely available than diesel fuel and usually sells for a lower retail price. However, diesel engines have better fuel economy than gasoline engines, and, as such, tend to be used for large commercial vehicles.

Diesel prices in the USA followed a largely upward trend during Q1 2025, with prices closing higher compared to the previous quarter despite some fluctuations in March. In January, prices rose due to increased heating fuel demand driven by winter storm Enzo and strong domestic consumption. However, warmer weather forecasts later in the month softened demand, overall market sentiment remained firm, supported by reduced inventories and refinery constraints. February saw a further price increase as cold temperatures in the Northeast intensified heating oil usage, and maintenance at key refineries tightened domestic supply.

The average price for regular gasoline in the United States stood at **** U.S. dollars per gallon on June 2, 2025. This compared to a diesel price of **** U.S. dollars per gallon. Prices for gasoline and diesel decreased that week. Real price surge of 2022 and 2023 still below 2011 to 2014 prices When looking at the real price of gasoline over time, U.S. drivers had to pay notably more in the years between 2011 and 2014. The surge in prices noted throughout 2022 and partly for 2023, which followed supply constraints, was still lower in terms of real U.S. dollars. U.S. on the lower-end spectrum of worldwide motor fuel prices The U.S. has some of the lowest conventional motor fuel prices in the world. Although fuel prices are usually higher in high-income countries, the U.S. profits from its position as the world’s largest crude oil producer and can keep retail prices for oil products comparatively low. For example, among high-income countries, prices for automotive premium gasoline (RON 95) were only lower in Russia and Saudi Arabia - countries where crude oil and oil product exports are in part restricted by sanctions, thus keeping domestic supply high.

Graph and download economic data for US Diesel Sales Price (GASDESW) from 1994-03-21 to 2025-06-02 about diesel, sales, commodities, and USA.

Hong Kong has some of the highest diesel prices in the world. As of May 12, 2025, drivers in Hong Kong paid an average of 3.34 U.S. dollars per liter of automotive diesel. This was more than three times the amount paid by drivers in Mainland China. Lower prices are often linked to substantial domestic crude oil production and government subsidies, as is the case in countries such as Venezuela, Iran, and the United States.

Snapshot img { margin: 10px !important; } The global diesel fuel market has the potential to grow by USD 92.15 billion during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by end-user (transportation, industrial, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BP Plc, Chevron Corp, Exxon Mobil Corp., PetroChina Co. Ltd., Qatar Petroleum, Reliance Industries Ltd., Rosneft Oil Co., Royal Dutch Shell Plc, Saudi Arabian Oil Co., and SK Energy Co. Ltd.

Market Overview

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Market Competitive Analysis

The diesel fuel market is currently fragmented, and the degree of fragmentation will remain the same during the forecast period. Established vendors are adopting inorganic growth strategies such as mergers and acquisitions and partnerships to expand their geographic outreach. BP Plc, Chevron Corp, Exxon Mobil Corp., and PetroChina Co. Ltd. are some of the major market participants. Although the increasing oil and gas E&P investments will offer immense business opportunities, the adoption of alternative fuel vehicles will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market positions, this diesel fuel market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this diesel fuel market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading diesel fuel companies, including:

BP Plc
Chevron Corp
Exxon Mobil Corp.
PetroChina Co. Ltd.
Qatar Petroleum
Reliance Industries Ltd.
Rosneft Oil Co.
Royal Dutch Shell Plc
Saudi Arabian Oil Co.
SK Energy Co. Ltd.

Diesel Fuel Market: Segmentation by Region

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APAC will offer several growth opportunities to market vendors during the forecast period. In APAC, the rising number of automobiles and growing energy demand in developing countries has increased the need for crude oil and refined products such as diesel fuel. As per the IEA, the demand for oil is rising in countries such as China and India.

About 44% of the market’s growth will originate from APAC during the forecast period. The region is witnessing a significant increase in the average consumer spending owing to stable economic development. This will subsequently drive the growth of industries such as automobile, thereby driving the consumption of diesel fuel in the region. China, India, Japan, and South Korea are the key markets for diesel fuel in APAC. Market growth in this region will be faster than the growth of the market in other geographies.

Diesel Fuel Market: Segmentation by End-user

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Diesel is primarily used in the primary modes of urban mobility and transportation such as public transportation, private transportation, and freight transportation. The number of vehicles on the road is expected to increase with the growing urban population. Hence, the increased deployment of vehicles due to the rise in urbanization and industrialization will augment the consumption of diesel fuel.

The market growth by the transportation segment will be faster than the growth of the market by other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the diesel fuel market size.

Diesel Fuel Market: Key Drivers and Trends

The growing population and industrial development have been increasing the demand for energy across the world. To meet the increasing demand, untapped oil and gas resources are being explored with advanced techniques. Furthermore, to maximize the revenue, oil and gas companies are increasingly investing in mature oil and gas fields. Oil and gas exploration and production (E&P) companies have increased their investments in shale

In Q4 2024, diesel prices in the United States followed a declining trend, primarily due to increased supply and a mild economic slowdown. October saw a slight incline in diesel prices, but by November, prices dropped as refinery operations ramped up following maintenance shutdowns. The return of refineries to full production levels helped alleviate supply constraints, driving prices lower. Additionally, a warmer-than-expected start to the winter season dampened heating oil demand, contributing to a reduction in prices.

Diesel prices in the United Kingdom rose to more than 150 pence per liter in early 2024. The March national average was 153.9 pence per liter, compared with a price of 151.3 pence per liter for diesel sold at supermarkets.

Hypermarkets dominate motor fuel sales Hypermarkets such as Sainsbury's, Asda, and Tesco have the greatest market share of motor fuel sold in the UK. In 2023, roughly 43 percent of all motor fuels were sold at hypermarkets.

Diesel more expensive than regular gasoline Although gasoline and diesel are both refined petroleum products, their refining process differs, thus also impacting manufacturing and retail prices. Diesel sold in the UK is required to have an ultra-low sulfur content and also contain a biodiesel component of seven percent. The extra steps required in the production process make diesel a more expensive commodity than gasoline, which trades around 10 pence lower.

The size of the Diesel Industry market was valued at USD 244.26 Million in 2023 and is projected to reach USD 310.77 Million by 2032, with an expected CAGR of 3.50% during the forecast period. The diesel sector, an essential element of the global energy landscape, involves the production, distribution, and utilization of diesel fuel and engines. Diesel fuel is produced from crude oil through refining methods and is predominantly utilized in transportation modes such as trucks, buses, trains, and ships, owing to its superior energy density and efficiency. Moreover, diesel engines find extensive application in industrial settings and power generation. In recent years, the industry has encountered significant transformations prompted by environmental regulations and the emergence of alternative energy sources. Governments across the globe are increasingly enforcing stringent emissions standards to address climate change and mitigate air pollution, which has led the diesel sector to invest in cleaner technologies and the development of low-emission diesel engines. Additionally, the rise of electric vehicles and advancements in renewable energy technologies present considerable challenges to the prevailing dominance of diesel. Nevertheless, the diesel industry continues to demonstrate resilience, especially in areas where diesel power is vital for heavy-duty transportation and industrial activities. The future of the market will likely depend on its capacity to innovate and adapt to a swiftly changing energy environment, while balancing environmental considerations with the persistent demand for dependable, high-performance energy solutions. Recent developments include: May 2023: Petrobras, the state oil company of Brazil, gave the green light to a revised fuel pricing policy that will result in significant cost reductions for drivers. As per the newly approved strategy, gasoline, and diesel prices will experience a considerable decline, with a nearly 13% reduction., February 2023: Europe officially confirmed the prohibition on selling new petrol and diesel cars starting in 2035. As the world's second-largest car market, this decision follows the passing of a law by the European Parliament. The law mandated car manufacturers to achieve complete elimination of CO2 emissions from all newly produced vehicles.. Key drivers for this market are: Increasing Demand from Industrial Applications4., Growing Infrastructure Across the World. Potential restraints include: A Rise in Concerns Related to Carbon Emissions and A Shift Towards Electric Vehicles and Renewable Sources of Energy. Notable trends are: Transportation Segment is to Expected to Dominate in the Market.

Get the latest insights on price movement and trend analysis of Light Diesel Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

The global diesel fuel market, valued at $244.26 billion in 2025, is projected to experience steady growth, driven primarily by the persistent demand from the transportation and industrial sectors. A compound annual growth rate (CAGR) of 3.50% from 2025 to 2033 indicates a continuous, albeit moderate, expansion. The transportation segment, encompassing heavy-duty vehicles like trucks and buses, remains the largest consumer, significantly influenced by global logistics and freight movements. Industrial applications, including power generation and machinery operation, contribute substantially to market demand, particularly in developing economies experiencing rapid industrialization. While the "Others" segment encompasses various smaller applications, its growth is expected to be influenced by overall economic activity and emerging technologies. Growth will likely be influenced by factors such as fluctuating crude oil prices, government regulations on emissions (promoting cleaner alternatives), and the ongoing shift toward electric and alternative fuel vehicles. However, the persistent demand from heavy industries and developing economies is expected to offset some of the negative pressure from these factors. Regional variations are expected, with Asia-Pacific and the Middle East showing potentially stronger growth due to their expanding economies and infrastructure development. North America and Europe are expected to witness more moderate growth due to the ongoing adoption of stringent emission standards and the increasing popularity of electric vehicles. The competitive landscape is dominated by major integrated energy companies like Chevron, ExxonMobil, and Shell, along with significant players from Asia and the Middle East. These companies hold considerable market share due to their established refining and distribution networks. However, smaller regional players and alternative fuel providers are increasingly challenging the established order, particularly in niche markets. The long-term outlook suggests continued market growth, albeit at a pace moderated by technological advancements and regulatory changes. The industry will need to adapt to evolving environmental concerns and consumer preferences, emphasizing efficiency and sustainability in both production and distribution. Recent developments include: May 2023: Petrobras, the state oil company of Brazil, gave the green light to a revised fuel pricing policy that will result in significant cost reductions for drivers. As per the newly approved strategy, gasoline, and diesel prices will experience a considerable decline, with a nearly 13% reduction., February 2023: Europe officially confirmed the prohibition on selling new petrol and diesel cars starting in 2035. As the world's second-largest car market, this decision follows the passing of a law by the European Parliament. The law mandated car manufacturers to achieve complete elimination of CO2 emissions from all newly produced vehicles.. Key drivers for this market are: 4., Increasing Demand from Industrial Applications4.; Growing Infrastructure Across the World. Potential restraints include: 4., Increasing Demand from Industrial Applications4.; Growing Infrastructure Across the World. Notable trends are: Transportation Segment is to Expected to Dominate in the Market.

The size of the Diesel Fuel market was valued at USD XX Million in 2024 and is projected to reach USD XXX Million by 2033, with an expected CAGR of XX% during the forecast period.Diesel fuel is one of the most petroleum-based forms of fuels that are in great use for diesel engines. It is a complicated mixture of hydrocarbons, which will ignite by compression inside the combustion chamber of the engine instead of a spark plug as it happens for the gasoline engines. In respect to the energy content, diesel has high energy density as well, providing the best solution for heavy machines, such as trucks, buses, and construction. Its use spreads through various areas, including some industrial applications-including power production or in marine shipping.

Discover the factors driving the recent surge in diesel prices, including market trends, global inventories, and OPEC+ strategies.

Diesel Cars Market Outlook

The global diesel cars market size was valued at approximately USD 300 billion in 2023 and is anticipated to reach USD 450 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.5% during the forecast period. The market's growth is propelled by a combination of factors including robust infrastructure development, advancements in diesel engine technology, and increasing demand for fuel-efficient vehicles.

One of the primary growth factors for the diesel cars market is their superior fuel efficiency compared to gasoline vehicles. Diesel engines typically offer better mileage and higher torque, making them an attractive option for consumers who cover long distances or require vehicles for heavy-duty applications. The increasing cost of gasoline has also driven consumers and businesses towards more economical diesel options, further boosting market growth. Additionally, advancements in diesel engine technology have resulted in engines that are cleaner and comply with stringent emission norms, making diesel cars a viable option in regions with strict environmental regulations.

Furthermore, the growing commercial vehicle sector is significantly contributing to the diesel cars market. Commercial vehicles, such as trucks and buses, rely heavily on diesel engines due to their robustness and ability to handle heavy loads efficiently. Urbanization and the expansion of trade activities require a reliable transportation network, which in turn fuels the demand for diesel-powered commercial vehicles. The ongoing infrastructural developments across various regions, especially in emerging markets, are expected to further drive the demand for diesel cars over the forecast period.

The automotive industry's shift towards sustainable practices and the development of bio-diesel variants have also positively impacted the diesel cars market. Bio-diesels, which are produced from renewable resources like vegetable oils and animal fats, offer a cleaner alternative to conventional diesel. Governments and regulatory bodies across the globe are promoting the use of bio-diesels to reduce carbon footprints, offering tax incentives and subsidies to encourage adoption. This trend is likely to enhance the market's growth as more manufacturers incorporate bio-diesel compatible engines in their vehicle line-ups.

Regionally, Europe has been one of the largest markets for diesel cars, driven by a strong automotive industry and supportive regulatory frameworks. However, the Asia Pacific region is emerging as a significant market for diesel cars, with countries like China and India experiencing a surge in demand due to rapid urbanization and industrial growth. North America is also witnessing steady growth in the diesel cars market due to advancements in diesel technology and increasing consumer awareness regarding fuel efficiency.

Vehicle Type Analysis

The vehicle type segment in the diesel cars market is bifurcated into passenger cars and commercial vehicles. Passenger cars constitute a significant share of the market due to their widespread use for personal and family transportation. The demand for diesel passenger cars is particularly high in regions where long-distance travel is common, as diesel engines offer better fuel efficiency and durability compared to their gasoline counterparts. Additionally, the trend of long-term vehicle ownership in various markets promotes the adoption of durable and fuel-efficient diesel passenger cars.

Commercial vehicles, including trucks, buses, and vans, represent another critical segment within the diesel cars market. These vehicles are essential for goods transportation, public transit, and logistical operations, particularly in regions with expansive geographical areas. Diesel engines in commercial vehicles are preferred for their high torque output and fuel efficiency, which are crucial for handling heavy loads and long-distance travel. The increasing demand for commercial vehicles in emerging markets, driven by urbanization and industrialization, is expected to bolster this segment's growth.

The commercial vehicle segment is also witnessing advancements in diesel engine technology, aimed at improving performance and reducing emissions. Innovations such as advanced turbocharging, direct fuel injection, and exhaust gas recirculation systems have made modern diesel engines more efficient and environmentally friendly. These technological advancements are likely to attract more consumers to the commercial diesel vehicle market in the coming years.

Access monthly energy price assessments for Germany, featuring Diesel and other key energy commodities. Coverage includes 10-year price history, current values, short-term forecasts, and market trends. Updated on the 3rd business day of each month, the data offers insights on prices, supply, demand, production, and trade. Available via PDF reports, Excel Add-In, Power BI, and API. Coverage for France and over 30 other countries is included in Intratec Energy Prices & Markets. Free preview available.

The diesel fuel anti-detonant market is anticipated to expand at a considerable CAGR during the forecast period, between 2020 and 2026. The growth of the market is attributed to the performance efficiency provided. Additionally, increasing demand for economical engines is also one of the factors boosting the growth of the market. However, damages can occur to the engine due to the usage of diesel fuel anti-detonant which is one of the factors hindering the growth of the market.



Diesel fuel anti-detonant is a compound which is added to the diesel fuels to improve performance such as corrosion inhibitors, antioxidants, cetane number improvers, rust inhibitors, metal deactivators, and dispersants. In single cylinder diesel engines, an anti-detonant injection (ADI) sprays water in the exhaust manifold to assess combustion and emissions of the engine.
The exhaust valve of the exhaust manifold is opened during the intake stroke and the exhaust gas reenters the diesel engine cylinder to get mixed during the compression and intake stroke and participates in the combustion process. The process is conducted to reduce soot and NO_x emissions.

Market Trends, Drivers, Restraints, and Opportunities:

• Surging demand of economical fuel engines across the globe is one of the primary factors propelling the growth of the market.
• Reducing soot and NO_x emissions along with no change in combustion temperature is one of the factors driving the growth of the market.
• Increasing performance of diesel fuel engine due to the usage of anti-detonant is boosting the growth of the market.
• Rising fuel efficiency due to the process is also one of the factors fueling the growth of the market.
• Increasing cylinder pressure because of ADI along with apparent heat release rate and ignition delay are the factors increasing the growth of the market.
• The introduction of modern fuel systems has disabled the engines to determine new compression ratio which is one of the primary factors restraining the growth of the global diesel fuel anti-detonant market.
• Rising damages to the engine due to over usage of ADI or malfunctioning of the injector is also one of the factors hampering the growth of the market.

Scope of the Report

Saudi Arabia Fuel Prices: Retail: Diesel data was reported at 1.660 SAR/l in Apr 2025. This stayed constant from the previous number of 1.660 SAR/l for Mar 2025. Saudi Arabia Fuel Prices: Retail: Diesel data is updated monthly, averaging 0.630 SAR/l from Jul 2020 (Median) to Apr 2025, with 58 observations. The data reached an all-time high of 1.660 SAR/l in Apr 2025 and a record low of 0.520 SAR/l in Dec 2021. Saudi Arabia Fuel Prices: Retail: Diesel data remains active status in CEIC and is reported by Saudi Arabian Oil Company. The data is categorized under Global Database’s Saudi Arabia – Table SA.P016: Fuel Prices. [COVID-19-IMPACT]

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Diesel Power Engine Market Size 2024-2028

The diesel power engine market size is forecast to increase by USD 39.1 billion at a CAGR of 3.21% between 2023 and 2028.

The market is experiencing significant growth due to several key factors. Diesel generators continue to be preferred over natural gas engines in various sectors such as construction, healthcare, and telecommunication, owing to their superior fuel efficiency and reliability. The World Steel Association reports a steady increase in crude steel production, driving the demand for diesel power engines in this sector. Moreover, the growth in sectors such as crude steel production and the Smart City is expected to drive the demand for diesel power engines. Advancements in diesel power engine technology, including improved fuel injection systems and better combustion processes, are enabling higher efficiency and lower emissions. Strict emission regulations are pushing manufacturers to innovate and develop cleaner diesel engines. The market is expected to witness continued growth, driven by these trends and the need for sustainable energy solutions.

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The power sector plays a pivotal role in ensuring the standard of living and economic growth in the United States. With increasing energy demand, the need for reliable and efficient power sources has become more crucial than ever. Among the various power generation technologies, diesel power engines have emerged as a preferred choice due to their versatility, reliability, and ability to provide uninterruptible power. Diesel power engines, a type of internal combustion engine, have gained significant traction in various sectors, including health care and telecommunication, due to their ability to operate during power outages, blackouts, brownouts, and voltage fluctuations.



These engines are built with strong components such as pistons, cylinder blocks, crankshafts, spark plugs, and coils to ensure optimal performance and longevity. The power sector's dependence on diesel power engines is expected to grow as the demand for reliable and uninterrupted power sources continues to increase. The healthcare sector, for instance, requires uninterrupted power to ensure the smooth functioning of medical equipment and patient care. In the telecommunication sector, power outages can lead to significant financial losses and communication disruptions.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Automotive
  Non-automotive


End-user

  Industrial
  Commercial
  Residential


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    US


  Europe



  Middle East and Africa



  South America

By Application Insights

The automotive segment is estimated to witness significant growth during the forecast period.

The market encompasses various applications, with a significant focus on the automotive sector, which consists of light-duty vehicles and heavy-duty vehicles. In the automotive segment, passenger cars and light commercial vehicles, which run on diesel power engines, are gaining popularity, particularly in developing countries, due to increasing disposable income and the cost-effectiveness of diesel fuel. On the other hand, heavy-duty vehicles, including medium-duty trucks and heavy-duty trucks, are widely used for freight transportation and construction projects. Beyond the automotive sector, diesel power engines are increasingly being adopted for power generation applications, particularly in off-grid and rural locations. These engines are used in hybrid power generation systems, alongside renewable energy sources like solar and wind, to ensure continuous power supply.

Furthermore, telecom towers in remote areas are another major application for diesel power engines, as they require uninterrupted power to maintain communication networks. Ultra-Low Sulfur Diesel (ULSD) is becoming increasingly popular due to its reduced environmental impact and improved engine performance. The standby segment of the market is expected to grow significantly, as these engines are used to provide backup power during power outages or when renewable energy sources are not available.

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The automotive segment was valued at USD 147.80 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 50% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately ex