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
India’s Rs 3.91 per litre fuel price hike is reportedly the lowest among major economies amid global crude oil volatility. State-run oil firms absorbed rising costs for 76 days, while countries like Pakistan, the US, and UAE witnessed significantly steeper petrol and diesel price increases.India’s Rs 3.91 per litre fuel price hike is reportedly the lowest among major economies amid global crude oil volatility. State-run oil firms absorbed rising costs for 76 days, while countries like Pakistan, the US, and UAE witnessed significantly steepe
India kept petrol and diesel prices unchanged despite rising global crude after tensions near the Strait of Hormuz, while countries like UAE and United States saw sharp hikes, with oil firms absorbing losses to shield consumers
India is unlikely to raise petrol and diesel prices immediately despite global crude oil crossing $110 a barrel due to Middle East tensions. The government expects state-run oil companies to absorb the impact temporarily as supply stabilises and imports diversify away from the Strait of Hormuz
