Nayara Energy raises petrol price by Rs 5, diesel by Rs 3 across 7,000 pumps
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- ✓Nayara Energy raised petrol prices by Rs 5 and diesel by Rs 3 across 7,000 pumps from Saturday, October 3.
- ✓The company said it increased prices to reduce the gap between retail rates and international procurement costs.
- ✓This is the second fuel price revision for the company this year.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Statesman
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The hike is the company's second fuel price revision this year, while commercial LPG and aviation turbine fuel (ATF) prices have also increased.
Private fuel retailer Nayara Energy has increased petrol prices by Rs 5 per litre and diesel prices by Rs 3 per litre across its network from Saturday, October 3. The hike comes as rising international crude oil and refined fuel prices put pressure on retail margins, according to industry sources.
The revised rates will apply at Nayara's more than 7,000 fuel stations across the country. The company has raised prices to reduce the gap between its retail rates and the higher cost of procuring fuel from international markets.
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