India Raises Premium Petrol Prices by Rs 2

State-run oil marketing companies in India raised the price of premium petrol by approximately Rs 2 per litre on March 20, amid surging global crude oil costs driven by escalating geopolitical tensions in West Asia. The adjustment, affecting high-octane variants like Indian Oil Corporation's XP95, Hindustan Petroleum Corporation's Power petrol, and Bharat Petroleum Corporation's Speed, took effect immediately at fuel stations across major cities. In Delhi, for instance, premium 95-octane petrol increased from Rs 99.89 per litre to Rs 101.89 per litre, while similar hikes of Rs 2.09 to Rs 2.35 per litre were reported in Mumbai, Bengaluru, and other urban centers.

Regular petrol and diesel prices remained unchanged nationwide, offering continued relief to most consumers. In Delhi, standard petrol stayed at Rs 94.77 per litre and diesel at Rs 87.67 per litre. Comparable stability held in Mumbai, where petrol cost Rs 103.54 per litre and diesel Rs 90.03 per litre, and in Bengaluru, with petrol at Rs 102.92 per litre and diesel at Rs 90.99 per litre. Prices in Hyderabad, Chennai, and Kolkata also showed no revision. Separately, bulk diesel prices for industrial users rose by about...