Saudi Aramco Is To Raise The Gasoline Price.Saudi Aramco Saudi Aramco, the state-owned national oil company of Saudi Arabia, is the largest oil corporation in the world and the world's largest in terms of proven crude oil reserves and production. said it would raise the price of regular gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by by 25% as of Jan. 1, 2007. It will introduce a cheaper lower-octane gasoline grade that could suit many cars. Saudi Aramco said in a statement it would launch a new grade, the 91-octane gasoline, at SR0.60 ($0.160) per litre LITRE. A French measure of capacity. It is of the size of a decimetre, or one-tenth part of a cubic metre. It is equal to 61.028 cubic inches. Vide Measure. , while the current fuel, the 95-octane gasoline, would be priced at SR0.75 per litre - 25% above the current SR0.60. Saudi Aramco said on its Website the new grade would suit the majority of existing cars in the state. It said: "Documented information shows that 85% of cars in the kingdom are designed to use grade 91'. The 91-RON fuel is easier to produce and requires fewer octane-boosting components, which are difficult to make with Saudi Arabia's mainly heavier, sour crude oils Sour crude oil contains the impurities hydrogen sulfide (H2S) and carbon dioxide, or mercaptans. All crude oil contains some impurities. When the total sulfide level in the oil is > 1 % the oil is called "sour". . |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion