Nayara Energy Raises Petrol Prices by ₹5, Diesel by ₹3 Amid Rising Global Oil Costs
What Happened
Nayara Energy, India's largest private fuel retailer, has increased petrol prices by ₹5 per litre and diesel prices by ₹3 per litre with immediate effect across its network of 7,108 fuel stations. The company cited rising international crude oil and refined fuel costs, which have squeezed retail margins.
Key Takeaways
The hike marks Nayara's latest attempt to pass on higher global energy costs to consumers after rolling back a similar increase in July when crude prices had eased.