Petrol Price: Due to the ongoing conflict in the Middle East and the increase in crude oil prices, the cost of premium petrol in India has gone up. The price of premium petrol has risen by Rs 2 to Rs 2.30, while regular petrol prices remain stable.
These new prices will take effect today, March 20th. This increase applies to branded fuels such as HPCL Power Petrol and IOCL XP95. Premium petrol is generally preferred for its enhanced engine performance and improved mileage.
HPCL, BPCL, and IOCL have all raised their petrol and diesel prices. As a result, premium petrol will now be priced between Rs 107 and Rs 112.30 per liter in New Delhi, Rs 115 to Rs 120.30 per liter in Mumbai, and Rs 112 to Rs 117.30 per liter in Chennai. In addition to the rise in premium petrol prices, Indian Oil has also increased the cost of industrial diesel, which has jumped from Rs 87.57 per liter to Rs 109.59 per liter, marking an increase of Rs 22.02 per liter.
Normal Petrol and Diesel Prices
There has been no alteration in the prices of regular petrol and diesel. In New Delhi, the price for 1 liter of petrol is Rs 94.77, while diesel is priced at Rs 87.67 per liter. In Mumbai, 1 liter of petrol costs Rs 103.50, and diesel is Rs 90.03. Likewise, in Chennai, 1 liter of petrol is priced at Rs 100.80, and diesel costs Rs 92.39 per liter.
What is premium petrol and where can it be found?
Premium petrol has a higher octane rating, usually 95 or above, compared to regular petrol, which has an octane rating of 91. It offers smoother and superior performance for vehicle engines. You can find it at nearly every petrol station in major cities, and it is commonly used in sports bikes, cars, turbocharged vehicles, and high-performance cars.
It’s important to mention that oil and gas prices surged following Israel’s attack on significant fuel storage facilities in Iran. Crude oil prices hit $119 per barrel on Thursday, and gas prices also increased. On Friday, Brent crude oil prices were recorded at $110.20 per barrel.