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Nayara Energy has raised petrol prices by Rs 5 a litre and diesel prices by Rs 3 at its outlets, as the private fuel retailer moves to narrow the gap between domestic pump prices and higher international crude and refined-product costs.
The latest increase comes at a time when state-owned fuel retailers, which account for more than 90% of India's over 104,000 petrol pumps have largely maintained stable retail prices
Nayara Energy has announced a price hike for petrol by ₹5 and diesel by ₹3 per litre in response to surging global crude oil prices. This revision aims to improve retail margins but will significantly impact transport operators and daily commuters. Stay updated with the latest business and market news on The News…