UPSC Prelims Practice Questions — Centre raises prices of premium petrol and industrial diesel

Question 1

In the context of the March 2026 fuel price revision by public-sector Oil Marketing Companies, the term 'XP-95' refers to which one of the following?

Accepted Answer

A high-octane premium grade of petrol

Answer

A low-sulphur premium grade of diesel sold at retail outlets

Answer

A blend of bio-ethanol and petrol mandated under the EBP programme

Answer

An aviation turbine fuel variant supplied to domestic carriers

Question 2

The 'XP' series of high-octane premium petrol, whose retail price was revised upward in March 2026, is marketed as the flagship premium petrol brand of which one of the following Oil Marketing Companies?

Accepted Answer

Indian Oil Corporation Limited (IOCL)

Answer

Bharat Petroleum Corporation Limited (BPCL)

Answer

Hindustan Petroleum Corporation Limited (HPCL)

Answer

Mangalore Refinery and Petrochemicals Limited (MRPL)

Question 3

The public-sector Oil Marketing Companies that revised premium petrol and industrial diesel prices in March 2026 function as Central Public Sector Enterprises under which one of the following Union Ministries?

Accepted Answer

Ministry of Petroleum and Natural Gas

Answer

Ministry of Commerce and Industry

Answer

Ministry of Heavy Industries

Answer

Department of Public Enterprises under the Ministry of Finance

Question 4

With reference to typical bulk consumers of 'industrial diesel' in India whose costs were affected by the March 2026 price revision, consider the following:
1. Indian Railways
2. State road transport undertakings
3. Telecom tower operators
4. Mining and infrastructure construction firms
Which of the above is/are correctly identified as bulk consumers of industrial diesel?

Accepted Answer

1, 2, 3 and 4

Answer

1 and 4 only

Answer

1, 2 and 4 only

Answer

2 and 3 only

UPSC Prelims Practice Questions — Centre raises prices of premium petrol and industrial diesel

Q1. In the context of the March 2026 fuel price revision by public-sector Oil Marketing Companies, the term 'XP-95' refers to which one of the following?

Q2. The 'XP' series of high-octane premium petrol, whose retail price was revised upward in March 2026, is marketed as the flagship premium petrol brand of which one of the following Oil Marketing Companies?

Q3. The public-sector Oil Marketing Companies that revised premium petrol and industrial diesel prices in March 2026 function as Central Public Sector Enterprises under which one of the following Union Ministries?