New Delhi/IBNS, March 20 -- The price of premium petrol has been increased by Rs.2 per litre amid volatility in global crude oil markets triggered by the ongoing West Asia conflict, media reports said.

Hindustan Petroleum Corporation Limited (HPCL) implemented the hike with effect from Friday, while prices of regular petrol remain unchanged.

As crude oil prices surged past $110 per barrel, several countries, including European nations and Japan, have moved to secure safe passage of ships through the Strait of Hormuz - a critical global oil transit route that has been restricted for some countries by Iran.

The United States has also stepped up efforts to ensure there is no disruption in global oil supply.

India views the Strait of Horm...