Fuel prices saw a slight change in Punjab on Friday as premium petrol becomes ₹2 more costlier across the state. It is noteworthy that premium petrol is already ₹5 to ₹10 costlier than regular petrol and this latest increase has widened that gap further.
Experts say that this hike is linked to the rising global crude oil prices which have been affected by tensions involving the United States, Israel and Iran and along with this the cost of special additives used in premium petrol has also gone up.
The prices of regular petrol and diesel have not changed, with these rates last revised in March 2024, when they were reduced by ₹2.
The price increase is expected to mainly affect urban areas like Jalandhar, Ludhiana and Amritsar, where demand for premium petrol is higher, as experts estimate that if a petrol pump sells 100 litres of fuel daily, around 35 litres can be premium petrol, especially in such cities.
Since premium fuel is mostly used in luxury cars and high-performance bikes, the impact will be felt more by such vehicle owners rather than the average commuter.