Petrol and diesel prices in the UK certainly have declined in recent weeks. Unleaded was £1.25 per litre, now it's 90 pence per litre. Much of the price is tax, so the decline is not exactly in line wirth crude oil prices.
Because pricinig of petrol is linked with crude import from international market and the oil companies in India are authorized to revise the rates accordingly.
Mixture of naturally occurring hydrocarbons that is refined into diesel, gasoline ------------------------- Crude petrol is petrol as extracted, without any treatment.
Crude oil
Petrol prices are the most volatile across the world. The price of gasoline depends on the price of crude oil, the taxes imposed by different states, the exchange rate and oil company costs. Demand and supply imbalance also influence petrol and diesel prices. So prices vary in different countries. In India, petrol prices continue to rise as the country largely depends on imports to meet its requirements.
petrol is extracted from crude oil
crude oil
petrol
the refining of crude oil
crude oil
petrol
In simple terms.. Fractional distillation. The crude is heated, and the vapours collected. The vapours are then condensed - producing petrol.
Petrol is refined from crude oil. So the source would be a refinery.