Oil marketing companies hiked the premium petrol price by up to ₹2.35 per litre with immediate effect on Friday amid the ongoing war between US-Israel and Iran that has led to global energy disruptions, as per ANI.
Prices of Bharat Petroleum Corporation Limited (BPCL) speed, Hindustan Petroleum Corporation Limited (HPCL) Power fuel and Indian Oil’s XP90 increased by ₹ 2.09- ₹ 2.35 per litre.
However, there is no change in the price of regular petrol at present.
This comes amid escalating war in the Middle East as countries targkey energy infrastructure, impacting oil and gas supplies worldwide.
An oil ministry official, in a recent official briefing, stated that India’s refineries are operating at full capacity and no dryouts have been reported at any fuel outlets so far.
Sujata Sharma, Joint Secretary (Marketing & Oil Refinery), Ministry of Petroleum & Natural Gas, noted that oil marketing companies (OMCs) are conducting surprise inspections across outlets to prevent unethical practices.
The petrol price hike, comes a day after Sharma said India is facing pressure in terms of crude oil supply, but the government has not raised the price yet.
“Pressure is there, definitely. But till now, there is no price increase,” she said.
Amid the closure of Strait of Hormuz and recent attacks on Saudi Arabia’s Red Sea Port of Yanbu, India has diversified its crude sourcing 70 per cent of crude from the area outside the key passageway.
