Oil marketing companies have raised the prices of premium petrol by a little over ₹2 per litre from March 20, amid rising global crude prices linked to escalating tensions in West Asia, according to reports.
State-run firms including Hindustan Petroleum Corporation Limited and Indian Oil Corporation Limited have increased the price of their premium petrol variants by about ₹2.09 to ₹2.35 per litre. Regular petrol rates, however, remain unchanged.
The hike focuses specifically on premium variants, which are marketed as higher-performance fuels. For motorists who choose these products, the change translates into a noticeable jump in per-tank costs, while users of regular petrol are not directly affected by this revision.
Global crude volatility often influences domestic fuel pricing, and the reported rise reflects a cautious response to international developments. Tensions in West Asia have been cited as a contributing factor to upward pressure on crude prices, which in turn can affect premium fuel pricing.
The price move signals how international market shifts are filtering into targeted segments of India’s fuel market, even as regular retail prices remain steady for now.
