Plan the dive, not the craft. The Abyss Torch has no blueprint: it is a skin of the plain torch, which everyone knows from the start. Own the skin and you pick it when you craft a torch, and the bill stays wood, a cloth and one low grade fuel.
The game's own text gives it the one difference that matters: it calls this torch waterproof, a diving light. On land it is just a torch. Underwater it is the one that keeps lighting the seabed, so take it down with a diving mask on a night dive.
One fuel craft makes four, so queue it with three plain torches for the holders at home and nothing is left over.