The usage and pricing of gasoline (or petrol) results from factors such as crude oil prices, processing and distribution costs, local demand, the strength of local currencies, local taxation, and the availability of local sources of gasoline (supply). Since fuels are traded worldwide, the trade prices are similar.
The price paid by consumers largely reflects national pricing policy. Some regions, such as Europe and Japan, impose high taxes on gasoline (petrol); others, such as Saudi Arabiaand Venezuela, subsidize the cost. Western countries have among the highest usage rates per person. The largest consumer is the United States, which used an average of 368 million US gallons (1.46 gigalitres) each day in 2011.
On 15th December 1951, the Burmah Shell Group signed an agreement with the Government of India to build a modern refinery at Trombay, Bombay. Soon after, on 3rd November 1952, Burmah Shell Refineries Limited was incorporated as a private limited company under the Indian Companies Act and began working on the marshlands of Trombay.
With relentless hours of work and effort put in by both man and machine, the swamps gave way to towers, tanks of steel and miles of pipeline. Soon, the refinery spread over 454 acres of land at Mahul, went on-stream on 30th January 1955, one year ahead of schedule.
Dr. S. Radakrishnan, the then Vice President of India, declared the 2.2 MMTPA (Million Metric Tonnes Per Annum) Refinery open on 17th March 1955, making it the largest refinery in India then.
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