Nayara Raises Petrol Prices by Rs 5, Diesel by Rs 3 Amid Global Energy Disruptions

Nayara Energy has raised petrol prices by Rs 5 per liter and diesel prices by Rs 3 at its outlets, in an effort to narrow the gap between domestic pump prices and higher international crude and refined-product costs.

The price increase took effect from early Saturday morning, affecting the company's 7,108 petrol pumps across India. This move comes as refiners face pressure from disruptions in global energy markets.

Nayara was the first fuel retailer to pass on the sharp rise in international oil prices to consumers after the Iran conflict disrupted energy supplies earlier this year. On March 26, it increased petrol and diesel prices by Rs 5 and Rs 3 a liter, respectively. Petrol at its outlets was priced at Rs 100.71 per liter, while diesel cost Rs 91.31.

The state-owned fuel retailers began raising prices later in May, with increases coming in staggered rounds and taking the cumulative hike to around Rs 7.50 a liter each for petrol and diesel by late May.