COMPETITIVE · MARKET STRUCTURE · INDIA
Indian oil firms raise premium petrol and industrial diesel
Change
Indian oil-marketing companies raised the retail price of premium petrol by ₹2 per litre and increased industrial diesel prices by about ₹22 per litre while ordinary petrol and diesel prices remained unchanged.
Why it matters
Indian oil-marketing companies implemented retail price increases on March 20, 2026, raising premium petrol (XP-95) by ₹2 per litre and industrial diesel by approximately ₹22 per litre. IndianOil reported XP-95 rose from ₹99.87 to ₹101.89 per litre and stated premium petrol represents about 5% of petrol sales. Hindustan Petroleum announced a similar premium-petrol increase. The government stated the change is limited to premium variants and that normal petrol and diesel prices remain unchanged.
Implications
- · Retail buyers choosing premium petrol face a ₹2 per litre higher pump price.
- · Purchasers of industrial diesel face approximately ₹22 per litre higher retail fuel costs.
- · The premium petrol segment accounts for about 5% of petrol sales, so most retail petrol volumes remain at unchanged prices.
Who is affected
- · Retail buyers of premium petrol
- · Industrial fuel purchasers
- · Fuel retailers and oil-marketing companies
Source
Topics