Oil marketing companies (OMCs) have revised prices of bulk diesel supplied to industrial users. Indian Oil Corporation raised the rate by ₹22 per litre to ₹109.59 from ₹87.67. Bharat Petroleum Corporation Limited also increased its bulk diesel price by ₹18.75 per litre.
These prices apply to bulk consumers such as factories, construction activity and transport operators. The 3 state-run companies together account for nearly 90% of India’s fuel retail network.
Premium petrol prices have been increased by ₹2 to ₹2.35 per litre. Indian Oil’s XP95 is now priced at ₹101.89 per litre in New Delhi. Similar price changes have been made by other public sector fuel retailers.
Premium petrol makes up a limited share of overall consumption, estimated at around 2–4% of daily petrol sales. It is mainly used in vehicles requiring higher octane fuel.
There has been no change in the price of regular petrol and diesel sold at retail outlets. The revisions are limited to premium petrol and bulk diesel categories.
Fuel pricing in India follows a deregulated system. Petrol prices were deregulated in 2010 and diesel in 2014, allowing companies to adjust rates based on costs.
The changes come alongside fluctuations in global crude oil prices. Brent crude was around $105 per barrel, after touching about $119 earlier. Prices eased following developments in West Asia that reduced immediate concerns around supply disruption.
Domestic refineries continue to operate at full capacity, with sufficient availability of crude and refined products.
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At the same time, supply constraints have been reported in liquefied petroleum gas, particularly for commercial and industrial users. India remains dependent on imports from West Asia for LPG supplies.
Authorities have encouraged a shift to piped natural gas. More than 13,700 new PNG connections have been issued recently, and over 7,300 users have moved from LPG.
India has also increased LPG imports from the United States, with about 350,000 tonnes currently on the way.
The price increase affects bulk diesel and premium petrol segments, while retail fuel rates remain unchanged across the country for now.
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Published on: Mar 21, 2026, 10:00 AM IST
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