Nayara Energy, one of India’s leading private fuel retailers, has increased the prices of petrol and diesel by up to ₹5 per litre. This marks the first price hike by the company following the recent rise in global crude oil prices triggered by tensions in the Middle East.
According to reports, petrol prices have been raised by about ₹5 to ₹5.30 per litre, while diesel has seen an increase of around ₹3 per litre. The revised prices have come into effect immediately across Nayara’s network of fuel stations. However, the exact increase may differ slightly from state to state due to varying local taxes.
The price hike comes at a time when international crude oil prices have surged sharply, nearing $119 per barrel. The increase is largely attributed to geopolitical instability in West Asia, which has disrupted supply expectations and pushed global energy prices upward. As India imports a large portion of its crude oil, any rise in global prices directly impacts domestic fuel rates.
Unlike public sector oil marketing companies, private players such as Nayara Energy do not receive financial support from the government to cushion the impact of rising crude costs. As a result, they are more exposed to market fluctuations and often pass on the increased costs to consumers. Industry sources suggest that the company had been under pressure due to rising input costs and could no longer sustain the earlier pricing levels.
Meanwhile, state-owned oil companies like Indian Oil, Bharat Petroleum and Hindustan Petroleum have not yet changed their retail fuel prices, continuing to absorb the higher costs for now. This has led to a noticeable gap between the pricing strategies of private and public sector retailers.
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