If you drive a high-end vehicle or run a restaurant in the NCR, today’s market updates are going to pinch your wallet. The escalating US-Israel-Iran conflict is officially sending shockwaves into our local economy.
As geopolitical tensions threaten major shipping routes in the Middle East, oil companies have rolled out massive price hikes across premium fuels, aviation turbine fuel (ATF), and commercial LPG gas. Here is the complete breakdown of the new rates hitting Delhi today and what it means for your daily expenses.
Premium Petrol and Diesel Get a Steep Price Hike
For automotive enthusiasts and owners of luxury cars and superbikes, fuelling up just got significantly more expensive. Indian Oil Corporation Limited has officially raised the price of its 100-octane premium petrol, XP100.
- XP100 Petrol: The price has jumped by a steep ₹11, taking it from ₹149 per litre up to a staggering ₹160 per litre in Delhi.
- Xtra Green Diesel: Premium diesel users aren’t spared either. The rate has been pushed from ₹91.49 to ₹92.99 per litre.
While regular petrol and diesel prices currently remain unchanged, this sudden surge in premium fuel costs reflects the volatile global crude oil market reacting to the Middle East crisis.
Jet Fuel Hits Historic ₹2 Lakh Mark (With a Catch)
The most dramatic numbers today come from the aviation sector. For the first time in history, Aviation Turbine Fuel (ATF) briefly crossed the ₹2 lakh per kilolitre threshold.
Prices were initially hiked by over 100%, skyrocketing from ₹96,638.14 per kl to an unprecedented ₹2,07,341.22 per kl in Delhi. The oil ministry cited the disruption of critical global shipping routes, specifically the Strait of Hormuz, as the primary trigger.
However, before panic could fully set in across the travel industry, the government intervened. To prevent local airlines from collapsing under the massive financial burden and to avoid a sudden shock to passengers, the rates for domestic airlines were quickly revised downwards to ₹1,04,927 per kl. While this is still a noticeable hike, it shields domestic travellers from what would have been an explosive increase in flight ticket prices.
Commercial LPG Rates Surge Again
The food and hospitality sector in Delhi is taking another major hit today. The cost of a 19-kg commercial LPG cylinder has been hiked by ₹195.50.
If you run a cafe, bakery, or restaurant, you will now be paying ₹2,078.50 per cylinder, up from the ₹1,768.50 rate we saw at the beginning of March. To put things into perspective, this is the third price hike in just the last 30 days and the fifth increase since January 2026.
What Does This Mean for Delhi Residents?
Right now, the international crude oil market is incredibly fragile. With the ongoing US and Israel military actions involving Iran, supply chain experts warn that further price volatility is almost guaranteed.
While the immediate impact is restricted to premium fuels, commercial gas, and international aviation, a prolonged conflict could eventually trickle down to standard fuel prices and everyday essential goods.
We are keeping a close watch on this developing economic situation. Bookmark Delhincrtimes.com for the fastest updates on how global news is impacting local prices, government jobs, and daily life in the NCR.
