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On 1 January 2012, the Nigerian government headed by president Goodluck Ebele Jonathan, tried to cease the subsidy on petrol and deregulate the oil prices by announcing the new price for petrol as US$0.88/litre from the old subsidised price of US$0.406/litre (LAGOS), which in areas distant from Lagos petrol was priced at US$1.25/litre.
Since January 2023, petrol is taxed at a rate of €0.53799/litre and diesel at a rate of €0.42875/litre, [17] with a VAT of 16% added to the total price. As of 2022, a "maximum fuel price" has been established by the government, capped at €1.534/litre for EURO 95 petrol and at €1.498/litre for diesel since 7 January 2025. [18].
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
Here's how you can save on petrol prices. The price of filling up a typical family car is now more than £100. Here's how you can save on petrol prices. Skip to main content. 24/7 Help. For ...
Government figures show the average price of a litre of petrol at UK forecourts was a record 170.4p on Monday.
Figures from data firm Experian Catalist show the average cost of a litre of petrol at UK forecourts on Monday was 163.7p.
A diesel cycle engine can be as much as 40% to 50% efficient at converting fuel into work, [2] where a typical automotive gasoline engine's efficiency is about 25% to 30%. [3] [4] In general, an engine is designed to run on a single fuel source and substituting one fuel for another may affect the thermal efficiency.
Autogas is widely used as a "green" fuel, as its use reduces CO 2 exhaust emissions by around 15% compared to petrol. [2] One litre of petrol produces 2.3 kg of CO 2 when burnt, whereas the equivalent amount of autogas (1.33 litres due to the lower density of autogas) produces only 2 kg of CO 2 when burnt. [3]
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