Premium Fuel Prices Surge Amid Global Supply Concerns

Oil marketing companies have increased the prices of premium petrol and diesel from April 1, reflecting the impact of global supply disruptions. The price of IndianOil XP100 petrol has risen by ₹11 per litre, reaching around ₹160 per litre.

Premium diesel has also seen a price hike, with rates increasing marginally from ₹91.49 to ₹92.99 per litre. Despite these revisions, the prices of regular petrol and diesel remain unchanged for now.

Fuel retailers, including Indian Oil Corporation, have attributed the increase to ongoing geopolitical tensions affecting crude oil supply, particularly in the Middle East.

The price of commercial LPG has also gone up significantly. A 19-kg cylinder now costs ₹2,078.50 in Delhi after a steep hike of ₹195.50, continuing last month’s upward trend.

Aviation turbine fuel (ATF) prices also experienced volatility. Although an initial sharp increase was expected, the final revision was moderated following discussions between oil companies and government authorities, limiting the overall impact on the aviation sector.

The latest price adjustments underline how global uncertainties continue to influence domestic fuel markets, potentially adding to cost pressures across transport and commercial sectors.

 

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