Nayara Energy Raises Fuel Prices Across 7,000 Indian Stations

Nayara Energy, India's largest private fuel retailer, increased petrol prices by Rs 5 per litre and diesel by Rs 3 per litre across its 7,108 fuel stations effective October 3, 2026. The company implemented the hike to narrow the gap between retail pump prices and rising international procurement costs for crude oil and refined products. In Delhi, petrol prices at Nayara outlets reached approximately Rs 107.12 per litre.

This move follows a volatile year for the company, which previously raised prices in March due to conflict in Iran before reversing those increases in July. While Nayara adjusted its rates, state-owned retailers such as Indian Oil Corporation have largely kept prices stable, leaving Nayara's prices higher than government-owned stations. Rating agency Icra reported that oil marketing companies faced significant negative margins in September, losing approximately Rs 530 crore daily.

The price adjustment comes after the Government of India directed private retailers not to restrict fuel sales at their outlets. This directive responded to volume caps implemented by Nayara and Jio-bp to mitigate retail losses. Petroleum Secretary Neeraj Mittal warned that private retailers are not permitted to impose unilateral caps on fuel sales to manage the pressure of negative marketing margins. While Nayara has raised prices, Jio-bp has not yet revised its rates.