Private fuel retailer increases Petrol, Diesel prices in India
Kanwar Inder Singh/ royalpatiala.in News/ March 26,2026
Due to Middle East fiasco, Nayara Energy, one of India’s largest private fuel retailer has raised petrol prices by Rs 5 per litre and diesel by Rs 3 a litre.
Nayara Energy, which operates 6,967 of India’s 102,075 petrol pumps, has decided to pass on part of the increase in input costs to consumers, PTI quoted sources as saying.
Sources said while Nayara, majority-owned by Russia’s Rosneft, hiked petrol prices. The increase differs from state to state depending on the incidence on local taxes like VAT. In some places, the increase is as high as Rs 5.30 per litre for petrol.
Private fuel retailers in India receive no government compensation to offset losses from holding back price increases, unlike state-owned firms that are supported for acting as “good corporate citizens”, sources said, adding that mounting losses have left them with little choice but to raise retail prices.
