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Premium Petrol Prices Hiked By Up To ₹2.35/Litre Amid Middle East War - Goes Past ₹112 In Bengaluru
State-run oil marketing companies in India have increased the price of premium petrol by up to ₹2.35 per litre. The revision in prices of premium petrol blends in India came into effect yesterday, March 20, 2026, amid the rising global crude oil prices linked to the ongoing war in the Middle East between Iran and the Israel-US alliance.
Premium Petrol Prices - What Has Changed?
The price hike applies to high-octane fuel variants such as BPCL Speed, HPCL Power and IOCL XP95. The increase ranges between ₹2.09 and ₹2.35 per litre, depending on the brand and location.
Premium petrol prices have been revised across major cities, while regular petrol and diesel prices remain unchanged at state-owned fuel suppliers. In Bengaluru, premium petrol prices have crossed ₹112 per litre after the hike.
While public-sector oil companies have limited increases in premium fuels despite the rise in global crude oil prices, private oil company Shell has raised the prices of regular petrol and diesel by ₹2/litre, citing current issues in the Middle East.
Global crude oil prices have surged past $100 per barrel following escalating geopolitical tensions in the Middle East. Supply disruptions and risks to key shipping routes such as the Strait of Hormuz have pushed up energy prices worldwide.
The increase in premium petrol prices reflects the impact of these global factors on domestic fuel pricing. India imports a significant portion of its crude oil requirements, making local fuel prices sensitive to international market movements.
The price revision affects users of high-performance fuel variants, typically used in premium and high-compression engines. Regular petrol and diesel users have not seen any change in prices so far at fuel stations owned by government-owned suppliers.
The new revision marks the first significant increase in premium petrol prices in recent years in India, where rices have held steady for the past few years. The increase in prices comes amid sustained volatility in global energy markets driven by the geopolitical developments in West Asia. Should these geopolitical problems in the Middle East continue for a longer duration of time, we fear, a hike in regular fuel prices could follow.
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