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Nayara Energy
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. An email sent to Nayara spokesperson for comments remained unanswered. Nayara was the first fuel retailer to pass on the surge in international oil prices to consumers when the Iran conflict disrupted energy supplies earlier this year. On March 26, it raised petrol prices by Rs 5 a litre and diesel by Rs 3, .
Private fuel retailers Jio-bp and Nayara Energy have imposed limits on diesel purchases at their retail outlets as industrial and other bulk consumers turn to petrol pumps to take advantage of cheaper retail fuel, putting pressure on supplies and retail networks. Jio-bp outlets have capped diesel purchases at 50 litres per customer per day, while transaction limits at Nayara Energy outlets range from 70 litres to 200 litres, people aware of the matter said. Public sector fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) too are likely to impose quantity restrictions. Petrol and diesel prices at retail outlets have remained unchanged since May even as international crude oil prices have surged to around USD 108 a barrel in a bid to control inflation. Prices charged to industrial and other bulk consumers, who typically procure fuel through dedicated consumer pumps, have meanwhile moved more closely in li
Nayara Energy, India's largest private fuel retailer, on Wednesday cut petrol prices by Rs 5 per litre and diesel by Rs 3 a litre across its nationwide network, marking the first reduction in retail fuel prices by any company in more than two years as easing tensions in West Asia pulled down international oil prices. The price cut follows a retreat in global crude oil prices after hostilities in West Asia eased and the reopening of a key maritime route restored the flow of crude oil and liquefied natural gas, reducing concerns over supply disruptions. The revised rates have come into effect at all of Nayara's more than 7,000 fuel stations across the country, industry sources said. Actual pump prices vary across states depending on local levies such as value-added tax (VAT). Public sector fuel retailers, however, kept prices unchanged. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), which together accou
Russia's Rosneft-backed Nayara Energy has crossed 7,000 petrol pumps across India, reinforcing its position as the country's largest private fuel retailer and expanding access to fuel across cities, highways and rural markets. The company in a statement said it added more than 500 outlets over the past 18 months, equivalent to nearly one new station a day, as it continued to invest in strengthening its nationwide retail network. The expanded footprint spans metropolitan centres, growth corridors, tier-2 cities and rural regions, supporting India's mobility needs while increasing fuel availability in underserved markets. Nearly one-third of Nayara Energy's outlets are located in hinterland areas, where fuel infrastructure is still developing, the company said. Mumbai-headquartered Nayara Energy (formerly known as Essar Oil Limited) owns and operates a 20 million tonnes a year oil refinery at Vadinar in Gujarat. It produces about 8 per cent of India's total refining output. Russia's
Nayara Energy has completed its scheduled 2026 turnaround at its Vadinar refinery, India's second-largest single-site refinery, carrying out critical maintenance, inspections and operational upgrades while maintaining uninterrupted fuel supplies across its network. Nayara had shut its 20 million tonnes a year Vadinar refinery in Gujarat, starting April 9 for planned maitenance. It has since resumed operations. In a statement, the firm said the turnaround, executed amid a challenging geopolitical environment, involved more than 34,000 personnel and approximately 480 pieces of heavy equipment, including 180 cranes, highlighting the scale of the operation and the company's focus on strengthening refinery reliability and performance. Stating that the turnaround has been completed as per the schedule, it said, "Delivered amid a complex geopolitical environment, the turnaround reflects the company's operational resilience and its ability to execute large-scale interventions without ...
Nayara Energy, India's largest private fuel retailer, on Thursday raised petrol prices by Rs 5 per litre and diesel by Rs 3 a litre, passing on part of the recent surge in global oil prices following the war in the Middle East, sources said. Fuel marketing companies in India have been under strain as retail petrol and diesel prices remained frozen despite a nearly 50 per cent surge in international oil prices since February 28, when the United States and Israel launched military strikes against Iran, triggering sweeping retaliation from Tehran. Nayara Energy, which operates 6,967 of India's 102,075 petrol pumps, has decided to pass on part of the increase in input costs to consumers, two sources with direct knowledge of the matter said. A company spokesperson did not immediately offer any comment on the story. Jio-bp, the fuel retailing joint venture of Reliance Industries and BP Plc that owns 2,185 outlets, has, however, so far not raised prices despite incurring heavy losses on s
The Delhi High Court will next week hear Nayara Energy's lawsuit against German software company SAP's India unit suspending software services critical to its operations. Nayara had approached the Delhi High Court in September last year after SAP India Pvt Ltd suspended services citing European Union sanctions. The Court, which had denied urgent relief, is scheduled to hear the petition on March 16, people aware of the matter said. The European Union (EU) had last year imposed sanctions on Nayara for its ties to Russia and for refining Russian oil. Nayara Energy argued before the Court that its agreement is with SAP India, an Indian entity, and therefore, not subject to the EU sanctions. However, SAP India contended that its parent company is based in Germany and it cannot provide its services without their support. This, it argued, is an "extraterritorial application of law" threatening Indian energy security, as they produce a significant portion of India's petroleum. Such a mov
Indian authorities have cleared EU-sanctioned Nayara Energy to use four foreign-flagged ships for coastal transportation of fuels such as petrol and diesel within the country, but its non-Russian overseas trade remains stalled due to the unavailability of banking channels. The Directorate General of Shipping has approved four foreign-flagged ships being used for the coastal movement of fuel produced by Nayara and efforts are being made to resolve the stalled dollar trade, government officials said. Nayara Energy did not reply to an email sent for comments. Nayara's Vadinar Refinery in Gujarat makes about 8 per cent of all fuel consumed in the country. Most of this was shipped from Gujarat to key consumption hubs along the west coast, reaching as far as Odisha on the east. This supply route was disrupted after the European Union in July imposed sanctions on Nayara. Shipowners wary of attracting secondary EU sanctions halted lifting of products from the Vadinar refinery. Shipping ...