Petrol and diesel price increase by Nayara Energy affects over 7,000 Indian outlets

New Delhi, October 3 – Effective Saturday, Nayara Energy will charge an additional ₹5 per litre for petrol and ₹3 per litre for diesel at all its retail locations. The company, which runs more than 7,000 fuel stations nationwide, pointed to the steep rise in global crude‑oil prices as the reason for the hike.

The decision represents Nayara Energy’s second round of price adjustments this year. In March, the firm raised rates after a supply shock linked to geopolitical friction in West Asia. Those increases were subsequently reversed in July when the international crude market softened.

Industry analysts note that the move is intended to offset the widening spread between input costs and the retail price ceiling that private dealers can legally set. State‑run oil marketing companies, which control roughly 90 % of India’s 104,000 fuel pumps, have largely absorbed the volatility without passing it on to consumers.

The Ministry of Petroleum and Natural Gas recently reiterated that private retailers should not halt fuel sales, emphasizing the need for uninterrupted supply. Meanwhile, the government increased the price of 19‑kilogram commercial LPG cylinders by ₹62.50 from October 1, whereas the price of domestic LPG cylinders remained unchanged at ₹942. Aviation turbine fuel for local airlines also saw a ₹16 per litre hike, moving from ₹121 to ₹137 per litre.