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These include intensified implementation of economic sanctions , and an embargo on petroleum products on which we welcome the EU lead . He also expressed concern for petroleum spills that could contaminate the aquifer resulting from parked employee vehicles , refueling of equipment , leaking hydraulic equipment and the storage of petroleum products on the site . The CEPA Part IV Registration of Storage Tank Systems for Petroleum Products and Allied Petroleum Products on Federal Lands Regulations , or Registration Regulations , have been made under Section 54.1 . The rise in the price of petroleum products on international markets has led to a noticeable drop in petroleum revenues allocated to the budget . However , their economic impact is much wider as they are the key to cracking new petroleum products on an industrial scale . They help enable our economic prosperity , moving nearly 23 trillion cubic feet of natural gas and 13 billion barrels of petroleum products on a yearly basis . All this , they said , would have a salutary effect on the overall domestic cost of production and at the same time would also , to a large extent , neutralize the adverse impact of the recent increases in the prices of petroleum products on the rate of inflation which at present was estimated at 6 per cent . The two sides agreed that the PPDA would not receive service charges per litre on four major petroleum products on the retail level and the government would pay them an amount equal to these service charges in addition to their one percent commission . The Group 's principal activity is the transportation , terminalling and storage of petroleum products in the United States for major integrated oil companies , large refined products marketing companies and major-end users of petroleum products on a fee basis .