Our Bureau
Mumbai
Major oil firms in India have raised prices of premium petrol by up to Rs 2.35 per litre. This change started on March 20, 2026, due to high global crude oil costs from the US-Iran war.
Hindustan Petroleum Corp (HPCL) led the hike with its ‘Power’ fuel up by Rs 2.09 per litre. Bharat Petroleum Corp (BPCL) lifted ‘Speed’ prices by a similar amount, while Indian Oil Corp (IOCL) increased ‘XP95’ by Rs 2.09 to Rs 2.35 per litre in key cities. Regular petrol prices stay the same, giving some relief to daily drivers. Premium fuels, with special additives, help engines run better and save mileage for high-end cars.
The price rise links to the US-Iran war disrupting oil supplies in the Gulf. Brent crude oil hit over $107 per barrel, up nearly 50% this month from attacks and shipping blocks like the Strait of Hormuz. India imports most of its oil, so war shocks hit hard, pushing costs up for refineries.
In Delhi, XP95 now costs Rs 101.80 per litre at some pumps. Car owners with luxury vehicles may feel the pinch most. Experts warn more hikes could come if the war goes on, affecting transport and food prices too.
