Petrol latest news

Here are the latest news updates on petrol:

Global Petrol Prices

• As of March 2023, the global average petrol price is around $2.35 per liter, according to the International Energy Agency (IEA).
• The highest petrol prices are in Europe, where the average price is around $2.65 per liter, while the lowest prices are in Asia, where the average price is around $1.85 per liter.

Petrol Price Hike in India

• In India, petrol prices have been hiked by 10-15 paise per liter, effective March 1, 2023, due to a rise in global crude oil prices.
• The current petrol price in India is around ₹96.72 per liter in Delhi and ₹104.67 per liter in Mumbai.

Petrol Price Cut in the US

• In the United States, petrol prices have fallen by around 10 cents per gallon, according to the US Energy Information Administration (EIA).
• The current petrol price in the US is around $2.75 per gallon.

Electric Vehicles (EVs) Impact on Petrol Demand

• As the demand for electric vehicles (EVs) continues to grow, it is expected to have a significant impact on petrol demand in the coming years.
• According to a report by BloombergNEF, EVs could account for 30% of new car sales by 2030, leading to a decline in petrol demand.

Petrol Leak in Australia

• In Australia, a major petrol leak has been discovered at a refinery in Victoria, which could lead to a shortage of petrol in the region.
• The leak is believed to have occurred due to a faulty pipe, and authorities are working to contain the spill and prevent any environmental damage.

Petrol Price Cap in the UK

• In the UK, the government has announced plans to introduce a petrol price cap to help reduce the cost of living for consumers.
• The cap would limit the amount that petrol retailers can charge for fuel, and would be introduced in the coming months.

These are just a few of the latest news updates on petrol. If you're looking for more information, feel free to ask!