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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.
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Most states do not mandate certain standard gasoline grade octane ratings.In the United States and Canada, octane ratings are in AKI, commonly shown as "(R+M)/2".All states require gas pumps to be labeled with the correct octane level and nearly all states do regular testing to make sure gas stations are in compliance.
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The octane rating of typical commercially available gasoline varies by country. In Finland, Sweden, and Norway, 95 RON is the standard for regular unleaded gasoline and 98 RON is also available as a more expensive option. In the United Kingdom, over 95 percent of gasoline sold has 95 RON and is marketed as Unleaded or Premium Unleaded.
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Motor Gasoline Regular (marketed as "Petrol") which has RON 80 rating, and Motor Gasoline Premium (marketed as "Octane") which has RON 95 rating. [46] Petrol stations in Bangladesh are privatised, but the prices are regulated by the authorities and have a fixed price at BDT 86.00 (US$1.04) and BDT 89.00 (US$1.07) (as of 1 March 2018) per litre ...
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