Gasoline Price | India — Q4 2022
Check how the Gasoline price evolved in India, from Q4 2021 to Q4 2022.
The Gasoline price in India decreased during Q4 2022 to 623 USD per m3, which represents a considerable decline of 21% compared to the previous quarter’s value. On a year-over-year basis, Gasoline prices in India increased by 7%.
The chart below shows quarterly Gasoline prices, in USD per m3 in India and other selected countries in Southeast Asia & Oceania.
For further information on the pricing of Gasoline, including:
- Current prices, on a quarterly basis
- Historical pricing data since 2007
- Short-term Price Forecasts
Check below:
▶ https://www.intratec.us/products/energy-price-references/commodity/gasoline-price-forecast
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A Little Bit About Gasoline
Gasoline is a mixture of many organic compounds, mostly hydrocarbons containing from 4 to 12 carbon atoms. It is a liquid suitable for use as fuel in spark-ignition, internal combustion engines (Otto engine). An important parameter when it comes to Gasoline is the octane level, which is a quantity that measures the antiknock properties of the fuel in comparison to a mixture of isooctane and heptane. Optimized engines use Gasoline with high octane levels. Gasoline should have an octane number of at least 60, with its major components being branched-chain paraffins, cycloparaffins, olefins and aromatics. The development of gasoline began near the invention of the Otto engine, at the end of the nineteenth century, with demand and production growing rapidly during World War I. Since the beginning of Gasoline production, additives have been extremely used to enhance its properties. Additives are largely used to increase octane number, reduce environmental damage and assist with motor cleanliness. Gasoline is considered by many as the most important petroleum product, figuring among the top produced commodities worldwide. Currently, over 20 million barrels of gasoline are produced daily, with the United States being the lead producer, followed by China.
Storage tanks have been made of a number of materials, although the most popular today is reinforced fiberglass. As a result of environmental concerns about gasoline leakage from underground tanks, many new installations have double-wall construction with leak detectors between the two walls. Since Gasoline is extremely volatile, an internal floating roof can be used inside a fixed roof can also be used. Gasoline is transported depending on the quantity and the destination. The most common ways are via pipelines in batches, rail cars (landmass transportation, usually in DOT-111 cars, holding 34,500 US gallons) and trucks (land transportation, ranging from 400 to 7,500 US gallons). The biggest problem associated with its transportation are pollution and leakage/spilling since the mixture is very toxic to living animals and the environment as a whole. Gasoline is extremely flammable, so it must be kept away from heat, sparks, flame, or other sources of ignition.
Gasoline is mainly used as fuel, but is also employed as industrial solvent. This commodity can be used in the manufacture of derivatives, such as: acetylene; benzene; aromatics BTX; pentane; isopentane; hexane; isohexane; hexene; heptane; octene; nonene; reformate; petroleum ether.
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