Premium petrol prices hiked by over ₹2; industrial diesel becomes ₹22 per liter more expensive
Amidst a war-like situation involving Iran—where an LPG crisis is already being witnessed—oil marketing companies (OMCs) have, on the other hand, hiked the prices of premium petrol on Friday. Meanwhile, the wholesale price of diesel sold to industrial users has gone up by approximately ₹22 per liter. However, there will be no change in the prices of regular petrol and diesel.
Effective March 20, 2026, oil marketing companies (OMCs) have taken a significant step by increasing the prices of premium petrol. According to reports, the price of this fuel has been hiked by ₹2 to ₹2.35 per liter. The prices of BPCL’s ‘Speed’, HPCL’s ‘Power’, and IOCL’s ‘XP95’ brands have risen by ₹2.09 to ₹2.35 per liter.
Direct Impact on These Brands
According to reports, this price hike has primarily impacted these specific high-grade, branded fuels. Prominent names such as Hindustan Petroleum Corporation Limited (HPCL)’s ‘Power’ petrol and Indian Oil Corporation Limited (IOCL)’s ‘XP95’ are among those affected. Following this hike, the monthly fuel expenditure for consumers is bound to increase slightly.
No Change in Regular Petrol Prices
It is important to note that this price hike has been limited exclusively to high-quality premium petrol. If you fill your vehicle with regular petrol for your daily commute, there is no need for you to worry. The OMCs have clarified that there has been no change in the prices of regular petrol.
What is Premium Petrol, and Where is it Available
This is a type of petrol characterized by a higher octane number. Typically, this number stands at 95 or above, whereas regular petrol has an octane number of 91. Premium petrol enables vehicle engines to run more smoothly and deliver superior performance. It is available at almost every petrol pump in major cities and is used in sports bikes, cars, vehicles with turbo engines, and high-performance cars.
