Just like gold, petroleum is also very useful and valuable product

It is used to manufacture a number of products like petrol,diesel,kerosene etc

Many products are also obtained from further processing of petroleum called Petrochemicals (Example Polythene,Plastic Bags,Detergents)

So it is called Black Gold because it has a number of commercial importance

petroleum-is-black-gold---teachoo.jpg

  1. Class 8
  2. Chapter 5 Class 8 - Coal And Petroleum

About the Author

CA Maninder Singh's photo - Founder at Teachoo
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 11 years and a teacher from the past 11 years. He teaches Science, Accounts and English at Teachoo