Why is petroleum referred to as liquid gold? State two important uses

1.	Why is petroleum referred to as liquid gold? State two important uses of petroleum and name two oil fields each in Assam and Gujarat.
Answer» Petroleum is referred to as liquid gold because of its scarcity and diversified uses. It is an essential source of energy for all internal combustion engines in automobiles, railways and aircraft. Its numerous by-products are processed in petrochemical industries such as fertilizer, synthetic rubber, synthetic fibre, medicines, Vaseline, lubricants, wax, soap and cosmetics. In Assam, Digboi,Naharkatiya and Moran are important oil producing areas The major oil fields of Gujarat are Ankaleshwar, Kalol, Mehsana, Nawagam, Kosamba

Why is petroleum referred to as liquid gold? State two important uses of petroleum and name two oil fields each in Assam and Gujarat.

Answer»

Petroleum is referred to as liquid gold because of its scarcity and diversified uses.

It is an essential source of energy for all internal combustion engines in automobiles, railways and aircraft. Its numerous by-products are processed in petrochemical industries such as fertilizer, synthetic rubber, synthetic fibre, medicines, Vaseline, lubricants, wax, soap and cosmetics. In Assam, Digboi,Naharkatiya and Moran are important oil producing areas

The major oil fields of Gujarat are Ankaleshwar, Kalol, Mehsana, Nawagam, Kosamba

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