New Delhi. Amid the West Asia crisis, public sector oil and gas marketing companies have increased the prices of premium petrol by Rs 2 to Rs 2.30 per liter, while the price of normal petrol remains stable.
According to media reports, public sector oil and gas marketing companies have increased the prices of premium petrol from Rs 2 to Rs 2.30. However, it is a matter of great relief for the common consumers that there has been no increase in the prices of regular petrol at present. These changes have been implemented across the country from 6 am today (Friday).
According to the report, these include major names like ‘Power’ petrol of Hindustan Petroleum Corporation Limited (HPCL) and ‘XP95’ (XP95) of Indian Oil Corporation Limited (IOCL) per liter on this fuel. Generally people prefer premium petrol in the hope of smooth engine performance in their expensive cars and modern bikes.
This decision has been taken primarily due to the ongoing geopolitical tension in the Middle East and its increasing impact on global fuel markets.
It is noteworthy that due to the ongoing war between Iran-Israel and America, the price of Brent crude oil is today at $ 109.54 per barrel. A day ago, the price of crude oil had reached $ 117.98 per barrel. At the same time, crude prices in India have almost doubled to $ 146 per barrel. India buys crude oil from Iraq, Saudi Arabia, Russia, UAE. The average of prices of different types of oils is called ‘Indian Basket’.
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