Nayara Energy has raised petrol prices by Rs 5 and diesel prices by Rs 3 per litre across its network, citing rising global crude and fuel product prices. The hike is the company’s second this year after a similar March revision
Oil companies increased petrol and diesel prices by around Rs 3 per litre from Friday, citing disruptions linked to the Iran-Israel conflict and Strait of Hormuz crisis, with fuel rates in Delhi witnessing a sharp rise
The Union government has sharply increased excise duties on petroleum products, including diesel and aviation turbine fuel, citing volatile global crude prices and disruptions caused by conflict in West Asia. Diesel export duty has been raised to Rs 55.5 per litre, while ATF duty has climbed to Rs 42 per litre.
Nayara Energy raised petrol by Rs 5 per litre and diesel by Rs 3, becoming one of India’s first fuel retailers to pass on crude price hikes amid Middle East tensions. State-owned firms have kept prices unchanged since April 2022
With a placard protesting against the petrol price hike hanging around her neck, helmet-clad Banerjee waved at people on both sides of the road during the five-km-long journey.
