Premium petrol prices surge amid war tensions. (Photo: AI)
In a major move, Indian Oil Corporation Limited raised the cost of premium petrol and diesel in Delhi, despite the fact that the world’s energy markets are still unstable as a result of growing geopolitical unrest in West Asia.
The price increase coincides with increased international gasoline prices and difficulties in important crude oil supply channels.
In Delhi, the price of XP100 premium petrol has increased by 11, from 149 to 160 per litre. For increased engine efficiency, luxury vehicles and high-performance motorcycles are the main applications for this 100-octane fuel.
In a similar vein, the price of Xtra Green premium diesel has dropped from ₹91.49 to ₹92.99 per litre. Although Indian Oil has not provided an official explanation, the increase is commonly associated with increased crude oil prices worldwide and logistical difficulties brought on by the ongoing crisis in the Middle East.
Global oil supply lines have been affected by geopolitical tensions between the United States, Israel, and Iran, which are being blamed for the increase in premium fuel prices. Price pressure has increased because to disruptions in vital shipping routes like the Strait of Hormuz.
Despite these difficulties, on March 27, the government lowered the excise tax on conventional petrol and diesel by 10 per litre, assisting in maintaining constant fuel prices for customers.
ATF Prices Soar, Then Revised On April 1, the price of aviation turbine fuel (ATF) experienced a sharp increase. Rates in Delhi rose from ₹96,638.14 to ₹2,07,341.22, the highest ever recorded, and momentarily surpassed ₹2 lakh per kilolitre.
However, in order to prevent an unexpected financial hardship on aviation companies, domestic airline costs were changed within hours to ₹1,04,927 per kilolitre. ATF prices are still among the highest in recent years, approaching their highest points since the crisis between Russia and Ukraine, even after the correction.
The cost of commercial LPG has also increased dramatically. A 19-kg cylinder in Delhi now costs ₹2,078.50, an increase of more than ₹300 in just one month from ₹1,768.50 on March 1. This is the fifth raise since the start of 2026 and the third since March.
Households are somewhat relieved, though, because domestic LPG cylinder pricing are still the same at ₹913 for a 14.2-kg cylinder.
Here’s a look at the latest fuel prices in major Indian cities:
The government has assured that fuel supplies across India remain stable. The Ministry of Petroleum and Natural Gas stated that petrol pumps are operating normally and there is no shortage of fuel. Citizens have also been advised against panic buying.
While regular petrol and diesel prices remain largely unchanged due to tax cuts, premium fuel segments are witnessing sharp increases.
The ongoing global uncertainty, especially in oil-producing regions, continues to drive volatility in fuel prices, impacting transportation, aviation, and commercial sectors across India.
Sofia Babu Chacko is a journalist with over five years of experience reporting on Indian politics, crime, human rights, gender issues, and stories about marginalized communities. She believes journalism plays a crucial role in amplifying unheard voices and bringing attention to issues that truly matter. Sofia has contributed articles to The New Indian Express, Youth Ki Awaaz, and Maktoob Media. She is also a recipient of the 2025 Laadli Media Awards for gender sensitivity. Beyond the newsroom, she is a music enthusiast who enjoys singing. Connect with Sofia on X: https://x.com/SBCism
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