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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.
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 ...
In the 1950s, shipping costs made up 33 percent of the price of oil transported from the Persian Gulf to the United States, [101] but due to the development of supertankers in the 1970s, the cost of shipping dropped to only 5 percent of the price of Persian oil in the US. [101]
The K15B 1.5-litre MHEV petrol is available for the first time in Indonesia for the GX and SS trim levels, while the GA and GL trim levels still powered by the K15B 1.5-litre petrol engine. [ 37 ] At the 31st Indonesia International Motor Show in February 2024, the Suzuki Sport trim was replaced by a new Cruise trim, which was introduced with ...
For Delhi petrol per liter price on April 2, 2018, the price charged to dealers was ₹ 31.08 (36¢ US), while central government excise tax and local tax was ₹ 19.48 (23¢ US), state government VAT was ₹ 15.70 (18¢ US) and dealer commission was ₹ 3.60 (4.2¢ US). So the price of petrol for the end user was ₹ 73.83 (85¢ US). [62]
For example, in Delhi, as of February 18, 2021, price of petrol is ₹ 89.54 (US$1.00) per litre. Out of this ₹ 32.98 (38¢ US) go to Central Govt of India in the form of excise and customs tax. ₹ 19.32 (22¢ US) is collected by state government in the form of sales tax and entry tax.
Dubai Crude is generally used for pricing Persian Gulf crude oil exports to Asia. The Dubai benchmark is also known as Fateh, used in the United Arab Emirates. [1] Forward trade of Dubai Crude is limited to one or two months. Dubai Crude is a medium oil. It has a gravity of 31° API (specific gravity of 0.871) and a sulfur content of 2%/weight. [2]
In the U.S., most consumer goods bear pre-tax prices, but gasoline prices are posted with taxes included. Taxes are added by federal, state, and local governments. As of 2009 [update] , the federal tax was $0.049 per liter ($0.184/U.S. gal) for gasoline and $0.064 per liter ($0.244/U.S. gal) for diesel (excluding red diesel ).