Premium Petrol Prices: Indian oil marketing companies have announced an increase in the prices of premium petrol. This will directly impact those customers who use special (premium) fuel. According to media reports, the price of premium petrol has been increased by Rs 2 to 2.3 per liter from March 20, 2026. However, there has been no change in the prices of regular petrol.

New prices in Pune: 'Speed' and 'Power' petrol costlier

In Pune, the price of premium petrol like 'Speed' and 'Power' has increased by Rs 2.09 per liter. Earlier its price was Rs 111.68 per liter, which has now increased to Rs 113.77 per liter.

Which brands were affected?

The effect of this price increase has been seen on the branded fuel of major oil companies. These include:

• HPCL's 'Power Petrol'
• IOCL's 'XP95'

All these premium fuels are used for better engine performance and mileage, so the increase in their prices will impact high-end vehicle users.

Middle East tensions and crude oil prices

The main reason for the increase in premium petrol prices is the increasing geopolitical tension globally. Especially due to the ongoing tension between America, Israel and Iran, the prices of crude oil are continuously increasing in the international market. Apart from this, many political developments have also emerged at the global level, which has increased volatility in the oil market. The effect of this instability is now visible in India's domestic market also.

New prices in big cities of the country

After the hike, premium petrol prices in major cities are as follows:

• Delhi: Rs 107 to 112.30 per liter
• Mumbai: Rs 115 to 120.30 per liter
• Chennai: Rs 112 to 117.30 per liter

It is worth noting that prices may vary depending on the city and state.

Why did premium petrol become expensive?

There are two main reasons behind premium petrol becoming expensive:

• Fluctuations in crude oil prices in the international market
• Rising cost of additives used in premium fuel
• Premium petrol is already Rs 5 to 10 costlier than normal petrol, and now this difference has widened further.

Relief for general public

Despite this increase, it is a matter of relief for the common people that there has been no change in the prices of normal petrol and diesel. Oil companies last reduced the price of petrol and diesel by Rs 2 in March 2024.

What will change if premium petrol becomes expensive?

Premium petrol has an octane number of 95 or higher, which makes high-performance engines run better. Due to the increase in price, the expenses of those driving luxury cars and sports bikes will increase, which will affect the monthly fuel budget. However, its impact will be limited on ordinary consumers as premium petrol consumption is a small part of total sales.