New Delhi, March 20 (UNI) Public sector oil marketing companies such as Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited have increased the prices of premium-grade petrol by up to Rs 2.35 per litre across the country.
The revision impacts high-end petrol variants, including XP95, Speed and Power fuels, which are designed for better engine performance. The hike varies slightly depending on the company and location, but broadly falls between Rs 2-2.35 per litre.
The new prices have been implemented with immediate effect. Notably, there has been no change in the prices of regular petrol and diesel, which continue to remain at existing levels. This ensures that the majority of daily fuel consumers are not directly affected by the latest revision. The increase in premium petrol prices comes at a time when global crude oil markets are witnessing fluctuations.
Rising international oil prices, influenced by geopolitical tensions in West Asia, have added pressure on fuel costs, prompting oil companies to adjust rates selectively. Premium fuels make up a smaller portion of total fuel consumption and are typically used in high-performance or premium vehicles.
Oil companies often revise their prices independently, based on input costs and market demand. While the latest hike is unlikely to significantly impact overall inflation due to limited usage of premium fuels, it signals the continued influence of global oil trends on domestic fuel pricing.
