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Indian Basket price vs Brent and Dubai (Apr 2000 to Apr 2020). Indian Basket (IB), also known as Indian Crude Basket, is weighted average of Dubai and Oman and the Brent Crude crude oil prices. It is used as an indicator of the price of crude imports in India and Government of India watches the index when examining domestic price issues. [1]
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 (86¢ US). [62]
The world's highest retail outlet (at an altitude of 3,740 mtr. above mean sea level) under IOCL, in Kaza, Himachal Pradesh IOCL Petrol Pump under construction in Khammam An Indian Oil Fueling Station in Kapsi, Chhattisgarh An Indian Oil Petrol pump near Dera Bassi in Punjab, India An Indian Oil fuel truck on the way to Ladakh A typical IOCL petrol pump in cities of India - Chembur, Mumbai ...
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 ...
After discovery of oil in the Assam state of India in late 1880s, the first oil refinery was set up at Digboi. Digboi Refinery was commissioned in 1901. [1] Following is a list of oil refineries in India, per the Petroleum Planning and Analysis Cell of the Ministry of Petroleum and Natural Gas, Government of India, [2] arranged in decreasing order of their capacity.
Petroleum [a] is a naturally occurring yellowish-black liquid mixture. It consists mainly of hydrocarbons, [1] and is found in geological formations.The term petroleum refers both to naturally occurring unprocessed crude oil, as well as to petroleum products that consist of refined crude oil.
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.
Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector oil and gas company, headquartered in Mumbai.It is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas.