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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.
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.
With an annual crude processing capacity of 1,240,000 barrels (197,000 m 3) per stream day, RPL is the largest refinery in the world.It will have a complexity of 21.0, using the Nelson Complexity Index, ranking it one of the highest in the sector.
The 2007 fuel tax was €0.684 per litre (€2.59/US gal; €3.11/imp gal). On top of that is 21% VAT over the entire fuel price, making the Dutch taxes one of the highest in the world. In total, taxes account for 68.84% of the total price of petrol and 56.55% of the total price of diesel. [20]
An HP fueling station in Kapsi, Chhattisgarh HP fuel pump in Coimbatore HP petrol bunk at Basaveshwaranagara, Bangalore. HPCL wholly owns two major refineries in India: [11] one in Mumbai (west coast) with a capacity of 9.5 million tonss per year, and one in Visakhapatnam (east coast) with a capacity of 13.7 million tons per year.
The retail prices of petrol and diesel are high enough in India to make electricity driven vehicles relatively economical. [310] The retail price of diesel was 101.00 ₹/liter in 2021–22, and the retail price of petrol was 110.00 ₹/liter.
A BPCL retail outlet in Indore, Madhya Pradesh BPCL petrol filling station at Basaveshwaranagara, Bangalore, Karnataka In 2003, the government attempted to privatize the company. However, following a petition by the Centre for Public Interest Litigation , the Supreme Court restrained the Central government from privatizing Hindustan Petroleum ...
The price of crude oil in 2003 traded in a range between $20–$30/bbl. [17] Between 2003 and July 2008, prices steadily rose, reaching $100/bbl in late 2007, coming close to the previous inflation-adjusted peak set in 1980.