I am interested to hear an expert opinion on this subject as it gets a huge amount of airplay/discussion/marketing as any subject in the automotive world!
My opinion is thus : 95/98 Premium Unleaded has a max. of 50 ppm sulphur v min of 150 ppm for 91...unless the engine is either tuned to achieve it's best on 95/98 , or has the knock sensor capabilities to adapt to higher octane fuels, there is no benefit. We have various Australian cars in the family & I suspect the Commodores don't respond significantly to 95/98 & GMH never made any claims to that effect .
The FG Falcon 4.0 litre 6 definitely adapts & responds in my experience & there are multiple sources to support that & the reasons why.. love to find out what a GM powertrain engineer says about the subject now that local production of all cars has finished....