‘No Increase In Regular Fuel Prices’: IOCL Reassures Consumers After XP95 Hike

Last Updated:March 20, 2026, 20:10 IST

Indian Oil Corporation (IOC) announced no hike in regular petrol and diesel prices despite rising global crude rates. Only premium petrol XP-95 saw a ₹2 per litre increase.

Indian Oil Corporation (IOC) on Friday said there has been no increase in regular petrol and diesel prices in India despite a sharp surge in global crude oil rates, offering relief to consumers amid ongoing geopolitical tensions.

This comes after the oil marketer announced a limited price revision has been made to premium petrol XP-95, which accounts for a small share of total consumption. The price of XP-95 has been increased by ₹2 per litre.

In a public statement, IOC said global crude prices have risen significantly from around $71 to $156 per barrel in recent days, but domestic fuel prices have remained stable.

“As global crude prices surge, stability at home matters more than ever. IndianOil has ensured no increase in regular automotive fuel prices in India," the company said.

The company emphasised that the impact of this hike on overall consumers would be minimal, given the relatively low usage of premium fuels compared to regular petrol and diesel.

IOC also reassured consumers about fuel availability, stating that it remains committed to maintaining an uninterrupted supply across the country.

“Through evolving global conditions, the focus remains clear: consistent supply, responsible pricing, and service you can rely on," the statement added.

The move comes as oil markets remain volatile due to the ongoing conflict in West Asia, which has disrupted supply chains and pushed prices higher globally.

By holding retail fuel prices steady, Indian state-run oil companies appear to be absorbing part of the global shock to shield domestic consumers from immediate price spikes.

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