Petrol Pike Hike | India is being hit the hardest by the war between Iran and Israel. In this background, oil companies in India have increased the prices of premium fuel. Today, on the very first day of the new financial year i.e. April 1, the price of petrol has increased once again. Petrol has become expensive by Rs. Due to this, the pocket of the customer is going to suffer a lot. A total situation has arisen that even traveling is no longer a pleasure.
Indian Oil’s XP100, a premium petrol used in high-end cars, has been hiked by Rs 11. This petrol which was earlier Rs 149 per liter has now gone to Rs 160. This petrol is mainly used in luxury cars and superbikes. The higher octane in it leads to better engine performance. Petrol Pike Hike
At the same time, the price of Xtra Green premium diesel has also increased. The price of this diesel is now Rs 92.99 per litre, which was earlier Rs 91.49.
Although the exact reason behind this price hike has not been officially stated, experts believe that tensions in West Asia, rising crude oil prices and rising transport costs are the main reasons. Petrol Pike Hike
Meanwhile, not only petrol-diesel, but also commercial LPG prices have gone up drastically. A commercial gas cylinder of 19 kg has become expensive by Rs. 195. After this new price hike, the price of a commercial LPG cylinder of 19 kg has gone up to Rs 2,078.50 in Delhi, while a commercial gas cylinder will now cost Rs 2,031 in Mumbai. In Kolkata, the same 19 kg gas cylinder has become Rs 2,208 and in Chennai its price has reached Rs 2,246.
The Iran-Israel war has severely disrupted the international energy supply chain. Supply is interrupted due to closure of ‘Strait of Hormuz’. So since the war broke out, world oil prices have risen by 50 percent. This disruption in the supply chain, coupled with the rise in oil prices, has forced state-owned oil companies to hike the prices of commercial LPG cylinders in India.
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