Premium Petrol Prices Hiked by Rs 2 Per Litre, Regular Fuel Rates Unchanged

Premium petrol prices in India have been increased by around Rs 2 to Rs 2.3 per litre, while regular petrol and diesel prices remain unchanged. The revision applies to high-octane fuel variants and has been implemented across select cities.

The move reflects rising cost pressures in the global energy market, even as oil companies have chosen to keep standard fuel prices stable.

High-Octane Fuel Variants Affected

The price hike primarily impacts premium petrol variants such as XP95 offered by Indian Oil Corporation and Power petrol sold by Hindustan Petroleum Corporation Limited.

At several fuel stations, XP95 is now priced at approximately Rs 101.80 per litre, with similar increases seen in other premium variants across different outlets.

Global Crude Oil Surge Behind Price Hike

The increase in premium petrol prices comes amid a sharp rise in global crude oil prices. Brent crude has crossed the $100 per barrel mark due to escalating geopolitical tensions in West Asia and concerns over supply disruptions.

Higher crude oil prices directly increase the cost of fuel production and distribution for oil marketing companies.

Weak Rupee Adds to Cost Pressure

Another key factor contributing to the price hike is the weakening of the Indian rupee against the US dollar. A weaker rupee makes crude oil imports more expensive, further increasing the burden on oil companies.

This combination of high crude prices and currency depreciation has forced companies to adjust prices selectively.

Why Only Premium Petrol Prices Were Increased

Oil companies appear to have opted for a targeted price hike in premium petrol instead of increasing regular fuel prices. Premium petrol accounts for a smaller share of total fuel consumption, allowing companies to manage costs without significantly impacting the broader population.

This approach helps balance financial pressures while avoiding widespread inflationary effects.

No Change in Regular Petrol and Diesel Prices

Despite global market volatility, regular petrol and diesel prices have remained unchanged across major cities, including Delhi, Mumbai, Bengaluru, Hyderabad, and Chennai.

Fuel prices have stayed stable for an extended period due to policy considerations and efforts to control inflation.

Impact on Consumers

For most consumers, the immediate impact is limited, as regular fuel prices remain stable. However, users of premium petrol will experience a slight increase in fuel expenses.

The development signals underlying pressure in the fuel market. If global crude prices remain high and the rupee continues to weaken, broader fuel price adjustments may be expected in the future.