Nayara Energy lifts petrol by ₹5/L and diesel by ₹3/L amid rising crude costs

Nayara Energy, operating 7,108 fuel stations across India, announced an immediate increase of ₹5 per litre for petrol and ₹3 per litre for diesel to better align retail prices with rising global crude and product costs. The adjustment follows a series of earlier changes this year, including a March hike, a July price cut after West Asian tensions eased, and recent pressure from the government after private retailers limited sales.

State-owned companies such as Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation have largely kept pump prices stable, creating a widening margin gap that rating agency Icra says is causing negative marketing margins of about ₹8-₹9 per litre for OMCs. By raising prices, Nayara seeks to reduce its losses, but the higher retail rates may boost freight costs and contribute to broader inflationary pressures.

The differential could also affect industrial buyers who have been purchasing cheaper fuel from private pumps. Analysts note that without further price passes, refiners risk daily losses of roughly ₹530 crore across fuel products.