Petrol Rate in Dadra & Nagar Haveli

Petrol Price in Dadra & Nagar Haveli

Petrol Price in Dadra & Nagar Haveli : India has an ambitious plan of expanding petroleum refining both in Greenfield and brownfield projects. The upcoming refinery project in Ratnagiri attracted Saudi Arabian and UAE investment. It is a joint venture between Indian PSUs and Saudi Aramco, and ADNOC, each party holding a 50% stake. Another joint venture between the Rajasthan government and HPCL is coming up at Barmer Rajasthan with 9 million annual capacity tonnes. The captive capacity of refineries located at Paradip, Panipat, and Koyali have expansion plans. Land acquisition and environmental clearance are significant hurdles for these expansion plans. 

 

Current price

Cost of petrol in Dadar and Nagar Haveli today is INR 77.47 per liter as of today, which is updated daily at 6 am. The price of petrol is determined by various factors like international crude oil price, processing cost, excise, VAT, and currency exchange rate. . Petrol price in Dadar and Nagar Haveli alters every day as against earlier fortnight revision. Petrol Price in Dadar and Nagar Haveli Today is inclusive of VAT and excise duty.

 

Global oil reserve

Dadra & Nagar Haveli Petrol Rate Today

Oil reserve is an estimation of the quantity of crude oil located in a specific geo-economics region. The proven/ probable oil reserve should be able to exploit under current technology and constraints. The exploitation of oil reserves, which are unviable and unfeasible, is not considered oil reserves serving the country. The oil reserve of a country is the quantity of crude oil that can be exploited economically. The significant portion of the global oil reserve lies in Canada, Saudi Arabia, and Venezuela. BP estimates, there is more than 1.73 trillion barrels of oil reserve globally. Most of the (80%) of world oil reserves are situated at OPEC countries.

 

The oil reserve of 1.730 trillion barrels, as of 2018, can propel the global economy for another fifty years. The statistical review of the world energy report published by BP shows Venezuela with 300.3 billion barrels is the leading oil reserve country, followed by Saudi Arabia (297.7 billion barrels), and Canada (167.8 billion barrels). The US stands at 9th position with 61.2 billion barrels. OPEC (The organization of petroleum exportingcountries) accounts for 79.4% of global reserves. Petrol rates in Dadar and Nagar Haveli or Petrol aajkabhav in Dadar and Nagar Haveli are primarily dependent on OPEC oil price as India mostly imports oil from Iraq OPEC members.