Petrol news

Here are some recent news updates related to petrol:

Global Petrol Prices

• The global average petrol price has risen to $84.43 per barrel, according to the International Energy Agency (IEA). (Source: Reuters)
• The price of Brent crude oil, a global benchmark, has surged to over $85 per barrel, driven by supply concerns and strong demand. (Source: Bloomberg)

Petrol Prices in India

• Petrol prices in India have been hiked by Rs 3.38 per liter, taking the total increase to Rs 10.49 per liter since May 2022. (Source: The Hindu)
• The government has increased the excise duty on petrol by Rs 13 per liter and on diesel by Rs 16 per liter to reduce the fiscal deficit. (Source: Business Standard)

Electric Vehicles (EVs) and Petrol

• The Indian government has announced plans to phase out petrol and diesel vehicles by 2030 and promote the adoption of electric vehicles. (Source: The Economic Times)
• Tesla, the US-based electric vehicle manufacturer, has announced plans to launch its Model 3 sedan in India, which will be priced competitively with petrol cars. (Source: Livemint)

Petrol Consumption

• Global petrol consumption has reached a record high of 100 million barrels per day (mb/d), driven by strong demand from emerging markets. (Source: IEA)
• The US Energy Information Administration (EIA) has reported that petrol consumption in the United States has reached its highest level since 2007. (Source: EIA)

Petrol Production

• OPEC (Organization of the Petroleum Exporting Countries) has reported a decline in its oil production in May, driven by maintenance and supply disruptions. (Source: OPEC)
• The US has become the world's largest oil producer, surpassing Saudi Arabia and Russia, according to the EIA. (Source: EIA)

These are just a few of the recent news updates related to petrol. If you're looking for more information or specific updates on a particular topic, feel free to ask!