Premium Fuels Get Costlier Regular Petrol And Diesel Prices Steady

(MENAFN- IANS) New Delhi, April 1 (IANS) PSU oil marketing major Indian Oil Corporation (IOC) has increased the prices of its premium fuels in the national capital.

XP100 petrol is now priced at Rs 160 per litre, up from Rs 149 earlier. The high-octane fuel is primarily used in luxury vehicles and high-performance motorcycles to enhance engine efficiency.

Similarly, the company has raised the price of Xtra Green diesel (premium diesel), which now costs Rs 92.99 per litre in Delhi, compared to Rs 91.49 previously.

However, there has been no change in regular petrol and diesel prices, which remained stable across major Indian cities despite a rise in global crude oil benchmarks amid escalating geopolitical tensions in West Asia.

Oil marketing companies have maintained stability in auto fuel prices even as other petroleum products witnessed sharp increases.

In Delhi, petrol continues to retail at Rs 94.72 per litre, while diesel is priced at Rs 87.62 per litre. In Mumbai, petrol costs Rs 103.44 per litre and diesel Rs 89.97 per litre.

Meanwhile, commercial LPG prices were hiked by Rs 195.50 per cylinder, while aviation turbine fuel (ATF) rates were more than doubled, crossing the Rs 2 lakh per kilolitre mark.

Globally, crude oil prices have risen sharply amid ongoing tensions in West Asia. US President Donald Trump has indicated that the American military could halt attacks on Iran within the next three weeks, signalling a possible de-escalation.

However, Iran has warned that prominent American corporations could face retaliation if its key figures continue to be targeted, underscoring continued uncertainty in the region.

Despite volatility in global markets – partly driven by disruptions around the Strait of Hormuz – retail petrol and diesel prices in India have remained steady.

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