That statement is absolutely not true. Through improved control of the fuel/air mixture achieved by electronic fuel injection, modern engines are producing phenominal power output per litre compared to engine of the 60's and 70's and actually useing less fuel. Diesel engines are someway behind their petrol cousins in the development of the fuel injection systems whereas direct injection is a relatively new thing on petrol engines.
When I was playing with club level racing engines in the 70's, 100bhp per litre was the goal, the engines had narrow powerbands and were tempremental to say the least and 10 or 12mpg was not unusual These days 100bhp per litre engines can be seen in normal road going cars and motorbikes, they are not tempermental, have wide powerbands and use between a third and a quarter of the fuel to achieve the same power
Despite the losses introduced by catalytic "con" verters, improvements in combustion efficiency will continue to be made.
Of course you miss the point entirely. I do not refer to engine developement, of course engines and fuel systems have evolved beyond anything thought posible a few years ago. We speak here of a particular engine, which is not modified in any way other than a power gain obtained by remapping the fuel system. It is not possible to obtain more power from that engine without injecting more fuel. Anyone who thinks that knows very little about engines.