'Govt Does Not Regulate Prices': Petroleum Ministry After Premium Petrol Price Hike

Premium petrol prices in India have been increased by up to ₹2.35 per litre from March 20, amid global supply disruptions linked to tensions in Iran. The hike impacts high-octane fuels such as BPCL Speed, HPCL Power, and IOCL XP95, while regular petrol prices remain unchanged. Responding to the increase, Sujata Sharma, Joint Secretary (Marketing & Oil Refinery), Ministry of Petroleum and Natural Gas, clarified that there has been no change in normal petrol prices. She stated that the hike is limited to the premium category, which accounts for only about 2–4 per cent of total petrol sold daily.#petrolpricehike #fuelpriceindia #oilprices #iranconflict #energycrisis #petrolnews #indiapetrol #globaloil