IOC has raised the price of its high-octane XP100 petrol to Rs 160 per litre in Delhi, up from Rs 149 earlier. This premium fuel is typically used in luxury vehicles and high-performance motorcycles to improve engine efficiency and performance
Pic/PTI
State-run oil marketing company Indian Oil Corporation (IOC) has increased the prices of premium fuels in the national capital, even as regular petrol and diesel rates remain unchanged across major cities, reported news agency IANS.
XP100 Petrol Price Jumps to Rs 160 Per Litre
IOC has raised the price of its high-octane XP100 petrol to Rs 160 per litre in Delhi, up from Rs 149 earlier. This premium fuel is typically used in luxury vehicles and high-performance motorcycles to improve engine efficiency and performance, reported IANS.
The price revision reflects rising input costs and global crude oil trends, which have been volatile in recent weeks.
Premium Diesel Also Sees Price Hike
Along with petrol, the price of Xtra Green diesel - IOC’s premium diesel offering - has also been increased. It now costs Rs 92.99 per litre in Delhi, compared to Rs 91.49 previously, reported IANS.
Premium fuels are generally less regulated and are more sensitive to fluctuations in global oil prices, unlike regular petrol and diesel.
Regular Petrol and Diesel Prices Stay Stable
Despite the increase in premium fuel rates, retail prices of regular petrol and diesel have remained steady. In Delhi, petrol continues to be sold at Rs 94.72 per litre, while diesel is priced at Rs 87.62 per litre, reported IANS.
In Mumbai, petrol is retailing at Rs 103.44 per litre and diesel at Rs 89.97 per litre. Oil marketing companies have maintained stability in these essential fuels to shield consumers from global price volatility, reported IANS.
LPG and ATF Prices Also Rise Sharply
Meanwhile, other petroleum products have seen notable price increases. Commercial LPG cylinders have become costlier by Rs 195.50, while aviation turbine fuel (ATF) prices have surged significantly, crossing Rs 2 lakh per kilolitre.
These increases are likely to impact sectors such as hospitality and aviation, potentially leading to higher operational costs.
Global Oil Trends Influence Domestic Pricing
The changes in fuel pricing come amid rising global crude oil prices, driven by geopolitical tensions in West Asia. Developments involving the United States and Iran have contributed to uncertainty in global energy markets.
Statements by US President Donald Trump suggesting a possible pause in military action have raised hopes of de-escalation, but risks remain.
Strait of Hormuz Disruptions Keep Markets on Edge
Supply concerns continue to persist due to disruptions around the Strait of Hormuz, a critical route for global oil shipments. Any instability in this region can significantly impact crude prices worldwide.
Despite these pressures, retail fuel prices in India have remained stable so far, indicating a calibrated approach by oil companies to balance global trends with domestic affordability.
(With inputs from IANS)
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