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On 1 January 2012, the Nigerian government headed by president Goodluck Ebele Jonathan, tried to cease the subsidy on petrol and deregulate the oil prices by announcing the new price for petrol as US$0.88/litre from the old subsidised price of US$0.406/litre (LAGOS), which in areas distant from Lagos petrol was priced at US$1.25/litre.
Kerosene was used extensively in the mid-nineteenth century and early twentieth century as a fuel for lighting homes and streets. With the advent of the motor car, crude oil came into demand as a fuel. By 1911 petrol surpassed kerosene in sales as the fuel for most vehicles. [1] [2]: 48
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Liberty Oil was founded in 1995 by David Goldberger and David Wieland, who had previously founded Solo in 1974, before selling it to Ampol in 1989. Goldberger and Wieland had been subject to a ten year non-compete clause however this was ruled void by the Trade Practices Commission when Ampol merged with Caltex.
From 1998 to 2004, the price of gasoline fluctuated between $0.26 and $0.53 per liter ($1 and $2/U.S. gal). [94] After 2004, the price increased until the average gasoline price reached a high of $1.09 per liter ($4.11/U.S. gal) in mid-2008 but receded to approximately $0.69 per liter ($2.60/U.S. gal) by September 2009. [94]
Viva Energy Australia is a listed Australian company that owns the Geelong Oil Refinery and is licensed to retail Shell-branded fuels across Australia under a licence agreement.
Module:Location map/data/Australia Brisbane is a location map definition used to overlay markers and labels on an equirectangular projection map of Brisbane. The markers are placed by latitude and longitude coordinates on the default map or a similar map image.
Fuel quality standards apply to petrol, diesel, biodiesel, autogas and ethanol E85. [32] Legislation from July 2003 imposes a 10% cap on the concentration of fuel ethanol blends. This was the result of vehicle testing showing that petrol blends containing 20% or more ethanol may cause problems in some older vehicles.