State-run Indian Oil Corporation has revised prices of its premium fuels in the national capital, pushing up costs for high-end petrol and diesel variants.
The move comes at a time when global crude oil prices are climbing due to tensions in West Asia, yet retail rates of regular petrol and diesel in India have been left untouched, offering some relief to everyday consumers.
IOC’s high-octane XP100 petrol will now be sold at Rs 160 per litre in Delhi, up from Rs 149 earlier. This fuel is typically used in luxury cars and performance bikes, as it improves engine output and efficiency.
Premium diesel, marketed as Xtra Green, has also become costlier. Its price has gone up to Rs 92.99 per litre from Rs 91.49.
Regular fuel prices remain unchanged despite global pressure
Even as premium variants have seen an increase, prices of standard petrol and diesel have not been revised. In Delhi, petrol continues at Rs 94.72 per litre and diesel at Rs 87.62.
A similar trend is visible in Mumbai, where petrol is priced at Rs 103.44 per litre and diesel at Rs 89.97.
Oil marketing companies have largely kept everyday fuel prices steady, despite volatility in international markets. However, other petroleum products have not been spared.
Commercial LPG cylinders have become costlier by Rs 195.50, while aviation turbine fuel (ATF) rates have surged sharply, crossing Rs 2 lakh per kilolitre.
The global oil market is still on edge, with tensions in West Asia refusing to cool completely. Donald Trump has said the US could pause military action against Iran in the coming weeks, a signal that things might calm down, at least for now.
But there’s a catch. Iran has made it clear it won’t stay quiet if its key figures continue to be targeted, warning of possible retaliation against major American companies. That warning alone is enough to keep markets nervous.
Even with worries around critical routes like the Strait of Hormuz, petrol and diesel prices in India haven’t moved much yet, staying steady for consumers.