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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 government on Wednesday said there is no shortage of petrol, diesel or LPG in the country, and urged citizens not to believe rumours circulating on social media or resort to panic buying. LPG supplies remain affected due to the ongoing disruption in the Strait of Hormuz. In a media briefing, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said all refineries are operating at high capacity with "adequate crude inventories", while "sufficient stocks of petrol and diesel are being maintained" and retail outlets are functioning normally nationwide. "Don't believe in rumours. We have adequate fuel stocks and the government is making all efforts to reach them to consumers," she said. She said "panic buying was reported in some areas due to rumours", leading to unusually high sales and crowding at petrol pumps, even though "adequate stocks of petrol and diesel are available at all petrol pumps". "There are enough stock of petrol and diesel and there is no
The Gujarat government on Wednesday said there is no shortage of fuel in the state despite the ongoing crisis in West Asia, and warned of strict action against hoarding and attempts to create artificial scarcity. The recent long queues at fuel stations were the fallout of panic buying triggered by rumours rather than any actual shortage, said Energy and Petrochemicals Minister Rushikesh Patel in the legislative assembly, pushing for PNG (piped natural gas) adoption. Patel made the statement in the House after BJP members Mahesh Kaswala, Chaitanya Desai and Harshad Patel raised the issue amid concerns over supply of petrol, diesel and cooking gas. "There is no problem anywhere in the entire state regarding petrol and diesel. Adequate steps have been taken to ensure continuous supply to petrol pumps," he said, and urged the public not to believe in rumours. During the recent "panic" triggered by rumours, fuel pumps sold nearly four to five times their normal daily volumes, which itse
Himachal Pradesh presently has sufficient stock of petrol, diesel and domestic cooking gas (LPG), Chief Secretary Sanjay Gupta said on Wednesday. Presiding over a review meeting to assess the availability of petrol, diesel and domestic as well as commercial LPG in the state in view of the current situation arising due to the ongoing conflict in the Middle East, he directed officials to ensure uninterrupted availability for the public. Around 15,000 commercial LPG cylinders are currently available in the state, and these were being supplied to hotels, restaurants and other institutions as required, a statement issued here said. However, it was noted that the supply of commercial LPG cylinders has been slightly affected due to the prevailing circumstances. Despite this, private and government hospitals, as well as educational institutions, were being provided with a full supply of commercial LPG cylinders on priority to ensure that essential services continue without disruption. The
The government has mandated the sale of petrol with up to 20 per cent ethanol and a minimum Research Octane Number (RON) of 95 across all states and Union Territories from April 1, 2026. The oil ministry in a February 17 notification, said, "the central government hereby directs that oil companies shall sell ethanol-blended motor spirit (petrol) with percentage of ethanol up to 20 per cent as per the Bureau of Indian Standards specifications and having minimum Research Octane Number (RON) of 95, in states and the Union Territories". The central government can allow exceptions in special situations, for specific regions and for a limited time. Ethanol is made from sugarcane, maize, or grain. It is renewable, domestically produced and has cleaner burning than pure petrol. The government has mandated ethanol blending in petrol to help cut oil imports as also reduce emissions. Such a mandate also supports farmers as it boosts demand for sugarcane, maize and agricultural surplus. Most
With fewer vehicles rolling in and enforcement teams stationed at entrances, petrol pumps across the national capital on Thursday wore a quieter look as the 'No PUC, No Fuel' rule came into force to curb worsening air pollution. At several fuel stations, vehicles were seen queued up as pollution certificates were checked, while some motorists without documents were turned away, prompting a few to make phone calls for help. At a Janpath petrol pump, Mukesh Kumar said the rules were justified but also questioned how people could be expected to stop using vehicles bought with hard-earned money. Another consumer at the pump supported the move, saying the rule was necessary to control pollution. A DTC in charge, JD Sharma, deployed at a petrol pump, said checks were being carried out manually as there were no cameras at the location. "We are checking pollution certificates and noting down vehicle details, which will be shared with the department concerned," he said. At the Delhi-Noida
Jio-BP, the fuel retailing joint venture of Reliance Industries and super major BP, clocked a 34 per cent rise in petrol and diesel sales in the September quarter as the joint venture aggressively expands its retail network. Jio-BP clocked 1.8 million sales of petrol and diesel in July-September, 34 per cent more than a year ago, according to an investor presentation made by the company after the second quarter earnings announcement. Also, helping the firm were good margins. "So, if you look at the volume and the growth, petrol and diesel together, we have done about 1.8 million kilolitre. That is a 34 per cent growth. ATF, which is jet fuel, we have done about 157,000 kilolitres. This is definitely lower than last quarter but what is important to note is we are maintaining the share there," Srinivas Tuttagunta, COO - Refining & Marketing at Reliance Industries Limited, said on the investor call. The ATF sales were lower than last year on account of a reduction in air traffic due .