Collect the rate of petrol and diesel for 10 days and make a bar graph with the data
Answers
Answer:
It is important to understand the nature and scope of the oil and natural gas industry, who are the prime players of the industry, and who are the industry stakeholders before answering these questions. Let’s take a quick glimpse at these points.
Indian is one of the world’s biggest oil consumers. Among all industry lines, oil and natural gas (ONG) industry has a significant impact on the growth of the country’s economy and Gross Domestic Product (GDP). It accounts for at least 15% of GDP. The industry operates in three segments: 1) upstream, 2) downstream, 3) midstream. The upstream segment covers all activities related to exploration and production. The midstream segment deals with stowage and transportation of natural gas and crude oil. The downstream segment deals with fabrication and refining of petroleum products, storage, transportation and marketing of commodities like natural gas and crude oil.