{
  "id": 11643291,
  "title": "Nayara Energy Hikes Petrol By Rs 5 And Diesel By Rs 3, Higher Global Oil Costs Squeeze Retailers",
  "url": "https://urgent.news/2026/10/03/nayara-energy-hikes-petrol-by-rs-5-and-diesel-by-rs-3-higher-global",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-03T07:32:18.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/nayara-energy-hikes-petrol-by-rs-5-and-diesel-by-rs-3-higher-global-oil-costs-squeeze-retailers"
  },
  "original_language": "en",
  "account": "On October 3, Nayara Energy announced a price hike for petrol and diesel, raising the former by Rs 5 per liter and the latter by Rs 3 per liter across its 7,108 fuel stations. This move follows a surge in global oil costs, putting strain on retailers. Nayara had previously instituted a similar increase on March 26 following disruptions in energy supplies due to the Iran conflict. However, the company withdrew that increase on July 1 as tensions eased in West Asia. This latest price revision adds to the pressure on consumers, who have already faced higher pump prices since the relief. The final prices at the pumps will vary based on location and applicable taxes. India's largest private fuel retailer accounts for over 90 percent of the country's 104,137 fuel outlets. State-owned retailers, including Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation, have increased petrol and diesel prices multiple times in May, adding around Rs 7.50 per liter to both fuels by late May. Jio-bp, which operates 2,304 petrol stations, has maintained its prices unchanged. On October 1, the government urged private retailers not to impose sales restrictions on petrol and diesel following retail losses. The directive came after volume limitations at some Nayara and Jio-bp outlets. Nitin Gadkari defended the use of ethanol-blended petrol, stating there was no evidence of vehicle damage. Higher oil costs have resulted in marketing losses of approximately Rs 8 per liter for petrol and Rs 9 for diesel, with combined daily losses across petrol, diesel, and LPG reaching about Rs 530 crore. Nayara's refinery in Gujarat, with a capacity of 20 million tonnes, could further widen the gap with state retailers as higher fuel expenses could potentially increase transport and business costs for customers.",
  "summary": "New Delhi: Nayara Energy has increased petrol prices by Rs 5 per litre and diesel prices by Rs 3 per litre from October 3, according to people familiar with the matter. The increase applies across its network of 7,108 petrol pumps and comes as higher international crude oil and fuel costs squeeze retailers. Nayara had not responded to an email seeking comment. Petrol And Diesel Prices Rise Again…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}