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Premium Petrol Prices Surge Amid Mideast Tensions
20 Mar
Summary
- Premium petrol prices increased between Rs 2.09 and Rs 2.35 per litre.
- Regular petrol and diesel prices remained steady across most Indian cities.
- Global crude oil prices surged due to Mideast tensions and supply disruptions.
On Friday, March 20, 2026, standard petrol and diesel prices were largely steady across Indian metropolitan areas. However, amid escalating Middle East tensions, oil companies announced price hikes for premium petrol variants. Hindustan Petroleum, Bharat Petroleum, and Indian Oil Corporation increased prices for their premium fuels, including 'Speed/Power,' 'Speed,' and 'XP95,' by Rs 2.09 to Rs 2.35 per litre.
These adjustments come as global oil prices experienced volatility. Brent crude neared $107 per barrel and West Texas Intermediate hovered near $94, marking highs not seen since mid-2022. The market remains pressured by severe supply shocks resulting from regional conflicts, impacting nearly 10 million barrels per day of output. The conflict has also raised concerns about the long-term security of critical energy infrastructure and shipping routes like the Strait of Hormuz.
