The thermal efficiency \( \eta \) of an ideal Diesel cycle can be calculated using the formula for thermal efficiency for an idealized engine cycle:
\[
\eta = 1 - \frac{1}{r^{\gamma - 1}}
\]
where \( r \) is the compression ratio and \( \gamma \) is the ratio of specific heats.
First, calculate the compression ratio \( r \):
\[
r = \frac{V_1}{V_2} = \frac{3 \, {litres}}{0.15 \, {litres}} = 20
\]
Now, substitute the values into the efficiency formula:
\[
\eta = 1 - \frac{1}{20^{1.4 - 1}} = 1 - \frac{1}{20^{0.4}} \approx 1 - \frac{1}{2.639} \approx 1 - 0.379 \approx 0.621
\]
Thus, the thermal efficiency of the Diesel cycle is approximately \( 62.1% \), which lies between 63 and 66%.