The answer is: it depends.
What's the output of turbocharging? The end output is: at some higher RPM, you are going to get higher power because of the extra compression that can burn more fuel with the same volume of air (compressed). Alright, VTEC (VTVT, VVL, VVT-i, VarioCam) will effectively end up giving you the same - they'll open up and give you that extra (really extra) power boost. We are comparing two *very different* technologies but end result is same, isn't it? And Variable Valve is better than Turbo.
Btw which regular petrol car comes with Turbocharger??
I would prefer petrol. Diesels are yet to become drive-worthy in low-cost range. Atleast the Laura/Jetta give you a really bad curve as compared to the Honda.
I regularly drive a diesel (swift) and a petrol (honda) and the response of petrol is uncomparably better.
As for mileage, diesels are better. They are 'lower' fuels, and pack more power. Diesels are noisier, of course - Not as compared to Diesels of yesteryears but as compared to petrol cars of today.
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