NEW DELHI: (Oct 3) Nayara Energy, India’s largest private fuel retailer, has raised petrol prices by Rs 5 per litre and diesel by Rs 3 with immediate effect, seeking to narrow the gap between retail prices and rising international oil and refined-product costs, people familiar with the matter said.
The latest increase comes amid renewed pressure on fuel retailers from higher global energy prices and follows a series of price adjustments by Nayara this year as refiners grapple with the impact of geopolitical disruptions on crude and product markets.
Nayara, which operates 7,108 petrol pumps across the country, raised petrol and diesel prices with effect from early hours of Saturday, sources said.
Source: PTI News
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