Tag Archives: petrol

ExxonMobil to exit U.S retail gasoline business

Last week, ExxonMobil (XOM), the world’s largest integrated oil company announced that it is getting out of the U.S. retail gasoline business. Company announced it would be selling all of its 2,225 U.S. filling stations and convenience stores.

The world’s largest publicly traded oil company will keep the Exxon and Mobil brands, so consumers can still buy gasoline at stations that carry the Exxon and Mobil names.

India hikes price of petrol by Rs 5; diesel by Rs 3; LPG by Rs 50

Indian government on Wednesday announced a hike in fuel prices to combat spurt in global oil prices.
According to the announcement

  • Petrol prices were increased by 5 rupees
  • Diesel prices were increased by 3 rupees and
  • LPG prices were increased by 50 rupees

— the highest ever price raise