US Edition
Published • loading... • Updated
Nayara Energy Raises Petrol, Diesel Prices as West Asia War Squeezes Supply
Nayara Energy raised petrol by up to Rs 5.30 and diesel by Rs 3 per litre due to global supply disruptions and rising crude costs, impacting consumers nationwide.
- Nayara Energy raised retail petrol and diesel prices across India, citing mounting input costs amid global energy tensions following military strikes near the Strait of Hormuz.
- Global tensions, including the Iran-US conflict, forced Nayara to pass on costs since private retailers receive no government compensation unlike State-owned firms acting as "good corporate citizens."
- Hindustan Times reported Rs 5.30 per litre increases for premium petrol and Rs 3 per litre for diesel, though normal fuel rates remain unchanged for Nayara's 6,967 petrol pumps.
- Amid panic buying, Ministry of Petroleum and Natural Gas Joint Secretary Sujata Sharma stated all refineries are operating at high capacity with "adequate crude inventories" and "sufficient stocks."
- Nearly 8 per cent of India's refining capacity could go offline as Nayara plans a 35-day shutdown starting early April, according to The Times of India.
Insights by Ground AI
29 Articles
29 Articles
According to a report by news agency PTI, Nayara Energy has increased the prices of petrol and diesel. Petrol prices have increased by ₹5 per liter and diesel by ₹3 per liter.
Private fuel retailer Nayara hikes petrol, diesel prices
New Delhi: Nayara Energy on Thursday, March 26, increased petrol and diesel prices, becoming one of the first fuel retailers in India to pass on the recent rise in global crude oil prices to consumers. The company has raised petrol prices by Rs 5 per litre and diesel by Rs 3 per litre, according to sources. The actual increase may vary slightly across states due to differences in local taxes such as VAT. In some regions, petrol prices have gone …
Coverage Details
Total News Sources29
Leaning Left2Leaning Right5Center1Last UpdatedBias Distribution62% Right
Bias Distribution
- 62% of the sources lean Right
62% Right
L 25%
13%
R 62%
Factuality
To view factuality data please Upgrade to Premium
