Converting Vehicle to LPG/Vigas: A Simple Calculator to Assess Project Feasibility

Abstract

One of the reasons for the slow conversion program from gasoline to LPG/Vigas is the uncertainty of profit or loss. Therefore, this article presents a simple calculator to assess the feasibility of investing in vehicle conversion, from gasoline to LPG/Vigas. Input parameters include estimated annual mileage, fuel consumption, gasoline prices, LPG / Vigas prices, the cost of the converter kit and its installation, engine standardization costs, maintenance costs with gasoline, and maintenance costs with LPG considered to produce output parameters that include Break Even Point (BEP), Payback period (PP), Net Present Value (NPV), and Internal Rate of Return (IRR).

LPG – CNG - Biofuel for Land Transportation Fuel in Indonesia: Overview, Opportunities, and Challenges

“…Various implementation studies are also carried out on a massive scale by scholars [15]- [20]. Although switching from gasoline to LPG is economically profitable, this conversion program is sensitive to fuel price ratios (LPG to gasoline) and daily mileage, except for public transportation, with government financing schemes [21]- [25]. Figure 1 presents a photographic view of LPG implementation in Indonesia.…”

Feasibility evaluation and optimization of liquefied petroleum direct injection (LPDI) conversion engine for low pollutant emission vehicles

“…In addition, policy dissemination for air environment improvement is spreading because of the LPG tricycle-remodeling project in India, LPG vehicle subsidies in Australia and France, and tax benefits in the United States and the United Kingdom. 11–19…”

“…In addition, policy dissemination for air environment improvement is spreading because of the LPG tricycle-remodeling project in India, LPG vehicle subsidies in Australia and France, and tax benefits in the United States and the United Kingdom. [11][12][13][14][15][16][17][18][19] Various LPG application methods have been introduced according to the above supply policies. Although some automakers sell LPG vehicles, they have not yet accounted for a large proportion of the total LPG vehicle market.…”

Risk-Based Leak Analysis of an LPG Storage Tank: A Case Study

“…Owing to its properties, liquified petroleum gas (LPG) is a popular domestic energy source used in industries, households, and transportation. Many reports are available on LPG implementation for the automotive sector (Munahar et al, 2021;Setiyo et al, 2019), and they are still promising in the medium term (Widodo et al, 2019). Demand for LPG shows an increase during 2000-2020 because it is cleaner than other oil-based fuels such as diesel and gasoline (Kivevele et al, 2020).…”