Oil companies in India have increased the price of premium petrol by more than ₹2 per litre. The hike applies only to high-quality fuel variants, while the prices of regular petrol and diesel have been left unchanged.
Premium petrol, sold under names like XP95, Speed, and Power, is mainly used in high-end or performance vehicles. Depending on the city and brand, prices have gone up by around ₹2 to ₹2.35 per litre.
Officials said the increase is due to rising global crude oil prices. Ongoing tensions in oil-producing regions have pushed up international oil rates, making it more expensive for companies to supply fuel. To manage these higher costs, companies have chosen to raise prices only for premium petrol instead of increasing rates for all fuels.
The government has said that this decision will not affect the “common man” because most people use regular petrol or diesel, whose prices remain the same. By limiting the hike to premium fuel, authorities aim to avoid putting pressure on household budgets and everyday expenses.
This move also helps oil companies recover some of their rising costs without causing a wider increase in fuel prices. Industry experts say this is a balanced approach, as it targets a smaller group of users who are less sensitive to price changes.
In several cities, the price of premium petrol has now crossed ₹110 per litre after the hike. However, there are no concerns about fuel shortages, and supply remains steady across the country.
The increase comes after a long period during which fuel prices remained stable despite global market fluctuations.
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