Oil marketing companies have increased premium petrol prices by ₹2 to ₹2.30 per litre across India from March 20, 2026. The hike affects high-grade fuels like XP95 and Power petrol, commonly used in premium vehicles.
Premium Petrol Gets Costlier Across India
New Delhi: A nationwide increase in premium petrol prices has come into effect from March 20. Oil marketing companies have increased the price of high-grade fuel by ₹2 to ₹2.30 per liter. These new rates, effective at 6 am today, will particularly impact drivers who use premium fuel.
This increase primarily affects branded premium petrol, including Hindustan Petroleum Corporation Limited's (HPCL) 'Power' petrol and Indian Oil Corporation Limited's (IOCL) 'XP95' petrol. These fuels are commonly used in expensive cars and modern motorcycles for better performance and smoother driving.
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The increase in premium petrol prices is bound to increase the monthly fuel expenses of vehicle owners who regularly use this high-grade fuel. However, this increase has only been implemented on a limited range of fuels.
The main reasons behind this price increase are said to be fluctuations in global crude oil prices and rising geopolitical tensions in the Middle East. Increasing pressure on the supply chain in the international market impacts costs for oil companies, forcing adjustments in domestic prices to offset this.
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Oil companies have clarified that this increase is limited to premium petrol only. No changes have been made to the prices of regular petrol used by ordinary consumers. This will provide relief to most everyday motorists.
Experts believe that if fluctuations in international crude oil prices continue, further changes in fuel prices are possible in the future. For now, premium fuel users will bear the direct impact of this increase.
