This multitude of the uses of the petroleum and its by products, have indeed become a real boon to the human civilization and from time immemorial these products have always helped mankind in achieving and also satisfying their daily needs that no other commodity in this world has ever been able to offer. This is the very reason that the petroleum has gained a very elite status among almost all the countries of the world and has gained the recognition as the most important fossil fuel among the world wide community.