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Fuel Price Hike: Premium Petrol Prices Increased By 11/Litre Amid West Asia Tensions
Fuel Price Hike: Premium Petrol Prices Increased By 11/Litre Amid West Asia Tensions
Petrol & Diesel Price Hike: Oil marketing companies (OMCs) have increased the prices of premium fuels in Delhi, even as volatility in global energy markets continues amid the ongoing US-Iran conflict. The price of IndianOil’s XP100 petrol, India’s first 100-octane premium fuel, has been raised sharply by Rs 11 per litre to Rs 160 from Rs 149 earlier.
The high-performance fuel is primarily used in luxury cars and superbikes, where higher octane levels help improve engine efficiency and performance.
Premium diesel variant Xtra Green has also seen a price revision. It will now retail at Rs 92.99 per litre, up from Rs 91.49 earlier.
While Indian Oil Corporation has not officially cited reasons for the hike, the move is being linked to firm global crude oil prices and rising logistics costs in the backdrop of geopolitical tensions in the Middle East.
The latest revision comes against the backdrop of escalating geopolitical tensions in West Asia, involving the United States, Israel and Iran, which has led to a blockade of the Strait of Hormuz, a key global transit route for crude oil and energy supplies.
Meanwhile, commercial LPG prices have also been increased sharply. The price of a 19-kg commercial LPG cylinder now stands at Rs 2,078.50 as of April 1, compared to Rs 1,768.50 on March 1 — marking a cumulative increase of over Rs 300 within a month. Notably, this is the third hike since March 1 and the fifth since the start of 2026.
However, domestic cooking gas LPG rates, which were last hiked by Rs 60 per 14.2-kg cylinder on March 7, remain unchanged. It costs Rs 913 per 14.2-kg cylinder in Delhi.
Aviation Turbine Fuel (ATF) prices have also been revised upward in major metro cities from April 1, 2026. In Delhi, ATF is now priced at Rs 2,07,341.22 per kilolitre, while in Kolkata it stands at Rs 2,05,953.33 per kilolitre. Mumbai has recorded ATF prices at Rs 1,94,968.67 per kilolitre, and Chennai at Rs 2,14,597.66 per kilolitre. The increase is in line with rising global crude oil prices, which are impacting airline operations and overall air travel costs.
ATF prices for domestic airlines operating international routes have also seen a sharp increase. These stood at Rs 816 per kilolitre earlier but have now surged to Rs 1,690 per kilolitre following the April 1 revision, more than doubling in response to global price trends.
The sharp rise in ATF rates aligns with the broader surge in jet fuel prices globally, driven by geopolitical uncertainties in West Asia, higher crude oil prices and widening refining crack spreads.
Earlier, the Central government reduced excise duty on petrol to Rs 3 per litre and brought it down to zero for diesel, as per a Gazette notification issued under the provisions of the Central Excise Act, 1944. Additionally, a windfall tax of Rs 21.5 per litre has been imposed on diesel exports.
Meanwhile, the government has maintained that fuel supplies across the country remain stable. The Ministry of Petroleum and Natural Gas, in an official statement, assured that “all retail outlets are operating normally across the country" and that there are “adequate stocks of petrol and diesel available at all petrol pumps." It also urged citizens not to engage in panic buying amid circulating rumours.
Officials further stated that refineries are operating at high capacity with sufficient crude inventories and that domestic LPG production has been ramped up to meet demand.
Source: News18
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