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Nayara, India’s largest private fuel retailer, cuts petrol price by ₹5, diesel by ₹3

Posted on: Jul 01, 2026 08:32 IST | Posted by: Hindustantimes
Nayara, India’s largest private fuel retailer, cuts petrol price by  ₹5, diesel by  ₹3
INdia’s largest common soldier fire retail merchant, Nayara vim, reportedly rock-bottom petrol prices by ₹5 per litre and diesel by ₹3 across its nationwide network, in line with the lower global oil prices.Nayara Energy was also the first to increase fuel prices at the peak of the US-Iran war. Follow US-Iran war live updatesThis price cut by the retailer marks the first such reduction in retail fuel prices by any company in over two years, as tensions in West Asia ease.The revised rates have taken effect at over 7,000 Nayara fuel stations across the nation, news agency PTI reported, citing industry sources.Notably, actual pump prices may vary across states depending on local tariffs and duties, such as the value-added tax (VAT).Petrol and diesel prices from the public sector fuel retailers, however, remain unchanged. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), which account for over 90 per cent of India's fuel stations, have not yet announced any price revisions.In March this year, when the war between Iran and the United States was at its peak, Nayara Energy became the first to hike petrol prices by ₹5.30 per litre and diesel by ₹3 per litre.The move came amid disrupted oil supplies worldwide in the wake of tensions in West Asia and disturbances in the Strait of Hormuz, a crucial waterway that accounts for nearly one-fifth of global oil supply.

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