Gasoil is a petroleum distillate (obtained by fractional distillation of petroleum) intermediate in boiling range and viscosity between kerosene and lubricating oil. It is used as diesel fuel and heating oil. In general, gasoils are derived from oils with a higher boiling range than gasoline. This product yields 12% more power than gas, but it is not quite as explosive.

European Gasoil futures are traded at the NYMEX and the ICE Europe.