Amid the war-like situation involving Iran—which has already created an LPG crisis—oil companies, on the other hand, have increased premium petrol prices. On March 20, 2026, prices of premium petrol variants—such as BPCL’s ‘Speed’, HPCL’s ‘Power’, and IOCL’s ‘XP95’—were increased by ₹2.09 per litre.
Earlier, premium petrol was priced at ₹111.68 per litre; Now it has increased to ₹ 113.77 per liter. After this increase, the price of petrol in Lucknow, the capital of Uttar Pradesh, has reached ₹ 103.92 per liter, while in Pune, premium petrol is being sold at ₹ 113.17 per liter.
Rise in crude oil prices
This increase in domestic premium petrol prices has come at a time when crude oil prices in the international market have crossed the $100 per barrel mark. Meanwhile, the LPG crisis still persists. Under these circumstances, this surge in crude oil prices will have a direct impact on the pockets of common citizens and may further increase inflationary pressure.
