Oil marketing companies (OMCs) have sharply raised the prices of premium petrol and diesel in Delhi, amid continued volatility in global energy markets driven by geopolitical tensions in West Asia.
Indian Oil Corporation’s XP100, the country’s first 100-octane premium petrol, has recorded a steep increase of Rs 11 per litre, with the price rising to Rs 160 from Rs 149. The high-octane fuel is primarily used in luxury vehicles and high-performance motorcycles, offering improved engine efficiency and enhanced performance.
Premium diesel prices have also been revised upward. The Xtra Green diesel variant is now priced at Rs 92.99 per litre, compared to Rs 91.49 earlier.
While Indian Oil Corporation has not officially cited reasons for the hike, market analysts attribute the increase to persistently high global crude prices, rising transportation costs, and supply chain disruptions linked to tensions in the Middle East.
The revision comes amid escalating geopolitical tensions in West Asia involving the United States, Israel, and Iran, which have contributed to disruptions such as the blockade of the Strait of Hormuz—a crucial global route for crude oil and energy supplies.
