Premium Petrol Gets Costlier: HPCL Hikes Prices by Rs 2; No Change in Regular Petrol Rates
Amidst volatility in the oil market, Hindustan Petroleum Corporation Limited (HPCL) has increased the price of its premium petrol by Rs 2 per liter. The new rates came into effect on Friday. However, in a relief to consumers, the company has made no changes to the rates of regular petrol.
Decision to Hike Premium Petrol Prices Taken Amidst International Tensions
The impact of escalating geopolitical tensions in the Middle East is now becoming visible in the fuel market. Driven by this pressure, HPCL has decided to raise the price of its premium fuel. It is believed that this step was taken due to uncertainties prevailing in the global market.
Relief for Common Consumers: Regular Petrol Prices Kept Stable
While premium petrol has become more expensive, the prices of regular petrol—used by the general public—remain unchanged. Consequently, this will not impose any additional burden on daily household expenses for the time being.
Company Clarifies Supply Situation, Advises Against Heeding Rumors
In an official statement, HPCL clarified that there are no disruptions whatsoever in the supply of crude oil. According to the company, additional cargo shipments are currently en route, which will further bolster supply in the coming days.
India's Fuel Supply Position Remains Robust Despite Global Market Uncertainties
The company also provided assurances that, despite the prevailing circumstances, there is no crisis regarding India's energy requirements. The supply chain remains normal, and there is no need for panic.
Investors and Consumers Advised to Rely on Official Information
HPCL has appealed to the public to disregard any rumors and to rely solely on official updates. This will help in maintaining stability within the market.