HPCL Increases Premium Petrol Costs; IOCL Significantly Raises Industrial Diesel Prices

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HPCL, IOCL Hike Premium Petrol Prices; IOCL Raises Industrial Diesel Rates Sharply

A nozzle pumps petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

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CNBC TV18•20-03-2026, 20:00

HPCL, IOCL Hike Premium Petrol Prices; IOCL Raises Industrial Diesel Rates Sharply

•HPCL increases premium petrol by over ₹2/litre; IOCL's XP-95 also up by ₹2/litre.
•Regular petrol prices remain unchanged, limiting impact on common consumers.
•IOCL sharply raises industrial diesel prices from ₹87.67 to ₹109.59 per litre.
•Hikes driven by elevated crude prices, rising input costs, and West Asia tensions.
•OMCs face significant losses from LPG under-recoveries and negative marketing margins.

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