Nayara Energy Cuts Petrol by ₹5, Diesel by ₹3 as Global Oil Prices Ease
Nayara Energy, India's largest private fuel retailer, reduced petrol prices by ₹5 per litre and diesel by ₹3 per litre across its nationwide network on Wednesday, July 1, 2026. This marks the first reduction in retail fuel prices by any company in over two years, following a decline in international oil prices due to easing tensions in West Asia and the reopening of a key maritime route.
The revised rates are effective at all of Nayara's more than 7,000 fuel stations. However, actual pump prices vary across states depending on local levies such as value-added tax (VAT).
Public sector fuel retailers, including Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), which together control over 90% of India's fuel stations, did not announce any revision. In Delhi, petrol remains at ₹102.12 per litre and diesel at ₹95.20 per litre at IOC outlets.
Nayara had been among the first retailers to raise fuel prices after the outbreak of the Iran conflict. On March 26, it increased petrol by ₹5 per litre and diesel by ₹3 per litre. State-run retailers followed later, cumulatively raising petrol and diesel by ₹7.50 per litre each in May.
Wednesday's cut effectively reverses Nayara's March increase and signals lower fuel prices for Indian consumers after global oil markets stabilised. Sources said Nayara is fully geared to meet demand with its 20 million tonnes per year refinery at Vadinar, Gujarat.
