Propane is a three-carbon alkane with the molecular formula C3H8. It is a gas at standard temperature and pressure, but compressible to a transportable liquid. A by-product of natural gas processing and petroleum refining, it is commonly used as a fuel. Propane is one of a group of liquefied petroleum gases (LP gases). The others include butane, propylene, butadiene, butylene, isobutylene, and mixtures thereof.
A filling station is a facility that sells fuel and engine lubricants for motor vehicles. The most common fuels sold in the 2010s are gasoline and diesel fuel. A filling station that sells only electric energy is also known as a charging station, while a typical filling station can also be known as a fueling or gas station, gasbar (Canada), gasoline stand or SS (Japan), petrol pump or petrol bunk (India), petrol garage, petrol station, service station, a services, or servo (Australia), or fuel station (Israel).
A fuel tax is an excise tax imposed on the sale of fuel. In most countries the fuel tax is imposed on fuels which are intended for transportation. Fuels used to power agricultural vehicles, and/or home heating oil which is similar to diesel are taxed at a different, usually lower rate. The fuel tax receipts are often dedicated or hypothecated to transportation projects so that the fuel tax is considered by many a user fee. In other countries, the fuel tax is a source of general revenue. Sometimes, the fuel tax is used as an ecotax, to promote ecological sustainability. Fuel taxes are often considered regressive taxes.
Heating oil is a low viscosity, liquid petroleum product used as a fuel oil for furnaces or boilers in buildings. Home heating oil is often abbreviated as HHO.
Ultra-low-sulfur diesel (ULSD) is diesel fuel with substantially lowered sulfur content. Since 2006, almost all of the petroleum-based diesel fuel available in Europe and North America has been of a ULSD type.
Crack spread is a term used on the oil industry and futures trading for the differential between the price of crude oil and petroleum products extracted from it. The spread approximates the profit margin that an oil refinery can expect to make by "cracking" the long-chain hydrocarbons of crude oil into useful shorter-chain petroleum products.
Fuel dyes are dyes added to fuels, as in some countries it is required by law to dye a low-tax fuel to deter its use in applications intended for higher-taxed ones. Untaxed fuels are referred to as "dyed", while taxed ones are called "clear" or "white".
Hydrocarbon Oil Duty is a fuel tax levied on some fuels used by most road motor vehicles in the United Kingdom; with exceptions for local bus services, some farm and construction vehicles and aviation, which pay reduced or no fuel duty.
The Wilson Fuel Company Limited, often shortened to Wilson Fuel, is an independent petroleum wholesaler, distributor and retailer headquartered in Truro, Nova Scotia. Wilson Fuel brands itself as the largest "independent" home heating fuel and gasoline retailer in Atlantic Canada; this is usually in reference to the fact that the company is a medium-scale retailer, as opposed to its competitors which are refiners and large-scale retailers.
Petroleum pricing in Prince Edward Island is regulated by the
Prince Edward Island Regulatory and Appeals Commission, the regulatory arm of the Government of Prince Edward Island. The commission is commonly shortened to the "Island Regulatory and Appeals Commission and is usually referred to by its acronym "IRAC".
The usage and pricing of gasoline 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 Arabia and 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 each day in 2011.
An excise or excise tax is any duty on manufactured goods which is levied at the moment of manufacture, rather than at sale. Excises are often associated with customs duties ; customs are levied on goods which come into existence – as taxable items – at the border, while excise is levied on goods which came into existence inland.
The Highway Trust Fund is a transportation fund in the United States which receives money from a federal fuel tax of 18.4 cents per gallon on gasoline and 24.4 cents per gallon of diesel fuel and related excise taxes. It currently has two accounts, the Highway Account which funds road construction and other surface transportation projects, and a smaller 'Mass Transit Account' which supports mass transit. Separate from the Highway Trust Fund is the 'Leaking Underground Storage Tank Trust Fund', which receives an additional 0.1 cents per gallon on gasoline and diesel, making the total amount of tax collected 18.5 cents per gallon on gasoline and 24.5 cents per gallon on diesel fuel. The Highway Trust Fund was established in 1956 to finance the United States Interstate Highway System and certain other roads. The Mass Transit Fund was created in 1982. The federal tax on motor fuels yielded $28.2 billion in 2006.
The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. The federal tax was last raised in 1993 and is not indexed to inflation, which increased by a total of 73 percent from 1993 until 2018. On average, as of January 2019, state and local taxes and fees add 33.78 cents to gasoline and 36.23 cents to diesel, for a total US volume-weighted average fuel tax of 52.18 cents per gallon for gas and 60.63 cents per gallon for diesel.
The main fuel tax in Australia is an excise tax, to which is added a Goods and Services Tax ("GST"). Both taxes are levied by the federal government. In Australia, like Canada, the GST is applied on top of the fuel excise tax. In some cases, businesses may be entitled to exemptions or rebates for fuel excise tax, including tax credits and certain excise-free fuel sources.
In Canada, motor vehicles are primarily powered by gasoline or diesel fuel. Other energy sources include ethanol, biodiesel, propane, compressed natural gas (CNG), electric batteries charged from an external source, and hydrogen. Canada, like most countries, has excise taxes and other taxes on gasoline, diesel, and other liquid and gas motor fuels, and also taxes electricity at various administrative levels. Most provinces and territories in Canada also have taxes on these motor fuels, and some metropolitan areas such as Montreal, Greater Vancouver, and Victoria impose additional taxes.
Seaoil Philippines, Inc., stylized as SEAOIL Philippines, is a fuel company that started in 1978. The Filipino-owned company offers fuel products ranging from automobile gasoline to industry-specific lubricants and services such as storage and shipping. Its two offices are currently located at Raffles Corporate Center 7th floor and Taipan Place 19th floor and 22nd floor at Ortigas Center, Pasig, Philippines.
The Canadian province of Quebec became the first in Canada to introduce a carbon tax. The tax was to be imposed on energy producers starting October 1, 2007, with revenue collected used for energy-efficiency programs including public transit. The tax rate for gasoline in Canadian currency was 0.8 cents per litre, or about $3.50 per tonne of CO
2 equivalent. The tax was also applied at 0.9 cents per litre of diesel fuel; 0.96 cents per litre of light heating oil; 1 cent per litre of heavy heating oil; 1.3 cents per litre of coke used in making steel; 0.5 cents per litre of propane; and $8 per metric tonne of coal. The proceeds were paid into a Green Fund, which will provided the resources for the implementation of the provincial climate change plan. A complete list of measures and details can be found in the official plan (2006-2012): Quebec and Climate Change -- A Challenge for the Future.
The oil and gas industry in India dates back to 1889 when the first oil deposits in the country were discovered near the town of Digboi in the state of Assam. The natural gas industry in India began in the 1960s with the discovery of gas fields in Assam and Gujarat. As on 31 March 2018, India had estimated crude oil reserves of 594.49 million tonnes (MT) and natural gas reserves of 1339.57 billion cubic meters (BCM).
