Premium Petrol Hiked Rs 2, Industrial Diesel Rs 22 – Regular Rates Unchanged ; India’s forex reserves drops from $7.052 billion to $709.759 billion

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The price of premium or higher-grade petrol price on Friday was increased by Rs 2 per litre while the rate of bulk diesel sold to industrial users was hiked by about Rs 22 a litre, reflecting the spike in global oil prices amid conflict in the Middle-East.

However, the price of normal petrol and diesel remains unchanged.

Premium 95-Octane petrol price in Delhi has been increased from Rs 99.89 per litre to Rs 101.89 in the national capital, industry sources said.

Alongside, bulk or industrial diesel prices were hiked from Rs 87.67 per litre to Rs 109.59 in Delhi.

International oil prices touched $119 per barrel on Thursday on intensifying Iran war, before pulling back to around $108 a barrel.

A litre of normal petrol in Delhi continues to cost Rs 94.77 while the same grade diesel comes for Rs 87.67 a litre.

Normal petrol typically has an octane rating of 91-92 and is suitable for standard engines, offering adequate performance for everyday driving. Premium petrol, on the other hand, has a higher octane rating of 95-98, making it ideal for high-performance or high-compression engines.

Further, India’s forex reserves dropped $7.052 billion to $709.759 billion during the week ended March 13, the RBI said on Friday.

In the previous reporting week, the overall reserves had dropped $11.683 billion to $716.81 billion. The kitty jumped $4.885 billion to an all-time high of $728.494 billion during the week ended February 27.