Petroleum Products


The word Petroleum is derived from two words “Petra” meaning rock and “Oleum” meaning oil. The oil which occurs naturally in porous rocky strata in liquid form is the crude oil. If it is in semi hard state mixed in sand then it is bitumen. The crude oil can be black, brown, green or even orange to yellow. It contains oxygen, sulphur, nitrogen and other items in minute quantities which determines it suitability for a specific application. The crude oil or its derivatives are marketed by volume (by gallon, litre or barrel) or weight (by metric tonnes ~ MT). The co-relation between 7.2 to 7.4 barrels to 1 MT is taken for rough calculation only as is it not precisely accurate.

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European Union


In the European Union, the “Euro IV” standard has applied since 2005, which specifies a maximum of 50 ppm of sulfur in diesel fuel for most highway vehicles; ultra-low-sulfur diesel with a maximum of 10 ppm of sulfur must “be available” from 2005 and was widely available as of 2008. A final target (to be confirmed by the European Commission) of 2009 for the final reduction of sulfur to 10 ppm, which will be considered the entry into force of the Euro V fuel standard. In 2009, diesel fuel for most non-highway applications is also expected to conform to the Euro V standard for fuel. Various exceptions exist for certain uses and applications, most of which are being phased out over a period of several years. In particular, the so-called EU accession countries(primarily in Eastern Europe), have been granted certain temporary exemptions to allow for transition. Certain EU countries may apply higher standards or require faster transition. For example,Germany implemented a tax incentive of per litre of "sulphur free" fuel (both gasoline and diesel) containing less than 10 ppm beginning in January 2003 and average sulphur content was estimated in 2006 to be 3-5 ppm. Similar measures have been enacted in most of the Nordic countriesBeneluxIreland and the United Kingdom to encourage early adoption of the 50 ppm and 10 ppm fuel standards.