Nayara Energy raises fuel prices amid Iran tensions
Nayara Energy has bumped up gasoline prices by ₹5 per liter and diesel by ₹3 per liter.
This move comes after global oil prices spiked, thanks to recent US and Israel military actions in Iran.
While government-run fuel companies are keeping their rates steady (unchanged since April 2022), sources said Nayara has decided to pass on part of the increase in input costs to consumers; the company did not immediately comment.
Fuel prices aren't the same everywhere
Fuel prices aren't the same everywhere: local taxes mean some states are seeing even bigger jumps, with gasoline up by as much as ₹5.30 per liter.
India's heavy reliance on imported oil, mostly through the vulnerable Strait of Hormuz, makes local prices extra sensitive when global crude goes wild (it recently shot up to $119 a barrel before dropping closer to $100).