Nayara Energy Hikes Petrol by ₹5, Diesel by ₹3
- Nayara Energy raised petrol prices by Rs 5 per litre and diesel prices by Rs 3, effective immediately.
- The company operates 7,108 petrol pumps, and the increases were implemented early Saturday.
- Nayara had cut the same amounts on July 1 after crude prices eased, making the hike a reversal of that reduction.
- Icra estimated that oil marketing companies were losing about Rs 8 per litre on petrol and Rs 9 per litre on diesel in September.
22 Articles
22 Articles
Private Fuel Retailer Nayara Energy Hikes Petrol Price By Rs 5, Diesel By Rs 3 Per Litre
The latest increase comes at a time when state-owned fuel retailers, which account for more than 90% of India's over 104,000 petrol pumps have largely maintained stable retail prices
Petrol and diesel prices have risen again. Private fuel pump company Nayara Energy implemented the increase in petrol and diesel prices at all of its petrol pumps starting Saturday morning.
Moneycontrol
helloentrepreneurs.comNayara Energy hikes petrol by Rs 5, diesel by Rs 3
The latest increase comes amid renewed pressure on fuel retailers from higher global energy prices and follows a series of price adjustments by Nayara this year as refiners grapple with the impact of geopolitical disruptions on crude and product markets.
Nayara Energy raises petrol price by Rs 5, diesel by Rs 3
Nayara Energy has raised petrol prices by Rs 5 a litre and diesel by Rs 3 across its more than 7,000 fuel stations as higher crude and refined-product prices squeeze margins. The move could widen the price gap with state-run retailers, which have largely kept pump prices unchanged despite rising international costs.
Private energy retailer Nayara Energy has taken a key decision as the prices of crude oil and refined petroleum products continue to rise in the international market.
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