What does the rise in premium petrol prices mean for consumers?

Oil marketing companies have hiked the price of premium petrol by up to ₹2.35 per litre, effective from today, amid the Gulf war. For most consumers, the immediate impact is limited as the regular petrol prices remain unchanged, reported India Today. However, users of high-octane fuels such as XP95 and Power petrol will see a marginal increase in fuel expenses.