The MAN S80ME-C7 low speed diesel engines use 155 gram fuel per kWh for an overall energy conversion efficiency of 54.4 percent, which is the highest conversion of fuel into power by any internal or external combustion engine. Diesel engines are more efficient than gasoline (petrol) engines of the same power rating, resulting in lower fuel consumption. A common margin is 40 percent more miles per gallon for an efficient turbodiesel.
However, such a comparison does not take into account that diesel fuel is denser and contains about 15 percent more energy by volume. Although the calorific value of the fuel is slightly lower at 45.3 MJ/kg (megajoules per kilogram) than petrol at 45.8 MJ/kg, liquid diesel fuel is significantly denser than liquid petrol. This is significant because volume of fuel, in addition to mass, is an important consideration in mobile applications. No vehicle has an unlimited volume available for fuel storage.
For most industrial or nautical applications, reliability is considered more important than light weight and high power. Diesel fuel is injected just before the power stroke. As a result, the fuel cannot burn completely unless it has a sufficient amount of oxygen. This can result in incomplete combustion and black smoke in the exhaust if more fuel is injected than there is air available for the combustion process
. Modern engines with electronic fuel delivery can adjust the timing and amount of fuel delivery (by changing the duration of the injection pulse), and so operate with less waste of fuel. In a mechanical system, the injection timing and duration must be set to be efficient at the anticipated operating rpm and load, and so the settings are less than ideal when the engine is running at any other RPM than what it is timed for.