Nayara Energy raises petrol price by Rs 5, diesel by Rs 3
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Nayara Energy raised petrol prices by Rs 5 and diesel by Rs 3 at its 7,108 fuel stations.
- ✓These new rates took effect from the early hours of Saturday.
- ✓The company said the move helps manage margins as international crude and refined-product prices rise, unlike state-run retailers who kept prices unchanged.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Nayara Energy has raised petrol prices by Rs 5 a litre and diesel by Rs 3 across its more than 7,000 fuel stations as higher crude and refined-product prices squeeze margins. The move could widen the price gap with state-run retailers, which have largely kept pump prices unchanged despite rising international costs.
Nayara Energy, India's largest private fuel retailer, has increased petrol prices by Rs 5 per litre and diesel prices by Rs 3 with immediate effect, people familiar with the matter said. The price revision comes as international crude oil and refined-product prices rise.
The new rates took effect from the early hours of Saturday at Nayara's 7,108 fuel stations across India. The company did not respond to an email seeking comment.
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