Search results
Results from the WOW.Com Content Network
The NNPC had been buying petrol from Dangote Refiner at ₦898.78 per litre and selling to marketers at ₦765.99 per litre, shouldering a subsidy of almost ₦133 per litre. Following the NNPC's withdrawal as the sole off-taker, subsidies ceased to exist in Nigeria as marketers had to buy directly from Dangote and sell at cost price, adding ...
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.
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]
The gas price prior to reform was $0.10 US per liter with the quota of 100 liters per month per passenger car. The reform raised the price to $0.40 US per liter and later reduced the ration to 60 liters per month. The price for over-quota consumption and the imported cars were $0.70 US per liter.
The Gulf War in 1990 caused a sharp rise in oil prices and a massive increase to India's imports. During the subsequent 1991 Indian economic crisis , foreign exchange reserves could barely finance three weeks' worth of imports while the government came close to defaulting on its financial obligations.
The oil prices were seen rising to hit $71.38 per barrel in March 2021, marking the highest since the beginning of the pandemic in January 2020. [116] The oil price rise followed a missile drone attack on Saudi Arabia's Aramco oil facility by Yemen’s Houthi rebels. [117] The United States said it was committed to defending Saudi Arabia. [118]
From 1998 to 2004, the price of gasoline fluctuated between $0.26 and $0.53 per liter ($1 and $2/U.S. gal). [94] After 2004, the price increased until the average gasoline price reached a high of $1.09 per liter ($4.11/U.S. gal) in mid-2008 but receded to approximately $0.69 per liter ($2.60/U.S. gal) by September 2009. [94]
The Dangote Group is a Nigerian multinational industrial conglomerate, founded by Aliko Dangote. [2] It is the largest conglomerate in West Africa and one of the largest on the African continent. The group employs more than 30,000 people, generating revenue in excess of US$ 4.1 billion in 2017.