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Modi Government Delivers Major Blow to Motorists with Significant Premium Petrol Price Hike, But Relief for Some
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Premium Petrol Prices Soar: Modi Govt's Big Shock to Motorists, Relief for Some!
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News18
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20-03-2026, 16:33
Premium Petrol Prices Soar: Modi Govt's Big Shock to Motorists, Relief for Some!
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Premium petrol prices increased by Rs. 2 to Rs. 2.3 per liter, effective March 20, 2026, due to West Asia tensions.
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Branded fuels like HPCL's 'Power' and IOCL's 'XP95' affected; regular petrol prices remain unchanged, offering relief to common man.
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Brent crude at $108 per barrel; Strait of Hormuz disruptions and rising insurance costs drive price hikes.
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US considers lifting sanctions on Iranian oil, releasing strategic reserves; European countries and Japan secure Strait of Hormuz.
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Elara Capital warns $110+ crude is 'breaking point' for India, risking regular fuel hikes and inflation.
Read Full Article on News18 in Telugu
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