Nayara Energy hikes petrol worth by ₹5 per litre, diesel by ₹3
Nayara Energy, India’s largest personal gas retailer, on Thursday (March 26, 2026) raised petrol costs by ₹5 per litre and diesel by ₹3 a litre, passing on a part of the current surge in international oil costs following the struggle in West Asia, sources stated.
Fuel advertising and marketing corporations in India have been beneath pressure as retail petrol and diesel costs remained frozen regardless of a virtually 50% surge in worldwide oil costs since February 28, when the United States and Israel launched navy strikes in opposition to Iran, triggering sweeping retaliation from Tehran.
Nayara Energy, which operates 6,967 of India’s 102,075 petrol pumps, has determined to move on a part of the rise in enter prices to customers, two sources with direct information of the matter stated.
An organization spokesperson didn’t instantly provide any touch upon the story.
Jio-bp, the gas retailing three way partnership of Reliance Industries and BP Plc that owns 2,185 shops, has, nonetheless, thus far not raised costs regardless of incurring heavy losses on sale of petrol and diesel.
State-owned gas retailers, who management about 90% of the market, proceed to maintain charges on freeze.
Sources stated whereas Nayara, majority-owned by Russia’s Rosneft, hiked petrol worth by ₹5 per litre and diesel by ₹3, the efficient charge enhance differs from State to State relying on the incidence on native taxes like VAT. In some locations, the rise is as excessive as ₹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 company residents”, sources said, adding that mounting losses have left them with little choice but to raise retail prices.
Retail petrol and diesel prices have been frozen since April 2022, with state-run Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) absorbing losses when crude prices are high and making profits when rates are low.
The three retailers last week hiked the price of premium or higher-grade petrol price by ₹2 per litre and the rate of bulk diesel sold to industrial users by about ₹22 a litre.
However, the price of normal petrol and diesel remains unchanged.
Premium 95-Octane petrol price in Delhi has been increased from ₹99.89 per litre to ₹101.89. Alongside, bulk or industrial diesel prices were hiked from ₹87.67 per litre to ₹109.59 in the national capital.
International oil prices touched USD 119 per barrel earlier this month on intensifying Iran war, before pulling back to around USD 100 a barrel.
A litre of normal petrol in Delhi continues to cost Rs 94.77 while the same grade diesel comes for Rs 87.67 a litre.
Normal petrol typically has an octane rating of 91-92 and is suitable for standard engines, offering adequate performance for everyday driving. Premium petrol, on the other hand, has a higher octane rating of 95-98, making it ideal for high-performance or high-compression engines.
The government has maintained that petrol and diesel are deregulated commodities whose pricing is independently decided by oil marketing companies.
India imports 88 per cent of its crude oil needs and roughly half of its natural gas requirement. These mostly come via the Strait of Hormuz. Following the US and Israeli attacks on Iranian government, military and nuclear facilities, Iran warned shipping away from the strait, and insurers withdrew coverage, effectively halting tanker movements.
Prices had risen to USD 119 per barrel in June 2022 in the aftermath of Russia’s invasion of Ukraine. That year, oil companies had nominal profits, but in FY24, they posted record Rs 81,000-crore profit, helping make up for past dent in margins.
This year, the three companies have posted Rs 23,743 crore profit in the December quarter alone.
Published – March 26, 2026 01:51 pm IST
