New Delhi: The raging conflict in West Asia, triggered by the war between US-Israel and Iran, has finally stirred an upward movement in petrol cost in India.
As global energy supplies remain disrupted three weeks into the war, the price of Premium petrol has been hiked up to Rs 2.35, with effect from March 20.
BPCL’s Speed, HPCL’s Power and IOCL’s XP95, the premium varieties of petrol supplied by the oil marketing companies, have been increased by Rs 2.09 to Rs 2.35 per litre, ANI reported.
As of now, the price of regular petrol remains unchanged, confirmed Sujata Sharma, joint secretary, Ministry of Petroleum and Natural Gas
There is no change in diesel price also.
Confirming the development, Sujata Sharma, joint secretary, ministry of petroleum and natural gas, said in the inter-ministerial press briefing on Friday that petrol and diesel prices are deregulated and decided by oil marketing companies
“There is no change in normal petrol price, it remains unchanged for the public… only premium category, it is hardly 2-4 per cent of entire petrol,” Sujata said during Friday’s inter-ministerial press briefing.
After joint US-Israeli strikes targeting Tehran killed Supreme Leader Ayatollah Ali Khamenei on February 28, Iran retaliated with drone and missile attacks on US bases in the Middle East. Iran has also virtually closed off the Strait of Hormuz, a narrow but vital waterway through which one-fifth of the world’s oil and liquefied natural gas (LNG) passes.
Oil and gas prices soared across the world after Iran hit the world’s largest LNG facility in Qatar on Thursday, in retaliation for an Israeli strike on its South Pars gas field.
