Nayara reduces petrol, diesel prices by up to Rs 5 per litre

Nayara Energy has slashed its petrol and diesel prices across India by Rs 5 per litre and Rs 3 per litre, respectively. With this, Nayara petrol price in Mumbai stands at Rs 111.66 per litre while diesel is Rs 97.99 per litre, both of which are similar to the fuel prices at the state-owned Indian Oil, HP and Bharat Petroleum pumps.

1. First price cut after a reduction in global crude oil rates
2. Marks a full reversal of Nayara’s fuel prices after March 2026 hike

Nayara is the country’s largest privately owned petrol pump network with over 7,000 fuel pumps, and the price cut is effective across India. The latest price cuts essentially reverse the previous hike from March 2026, when petrol and diesel prices rose by Rs 5 per litre and Rs 3 per litre, respectively. However, prices will vary from one state to another based on the taxes imposed on them.

This move comes after global oil prices have fallen due to easing geopolitical conflicts between Iran and the USA, and reduced concerns of oil supply disruptions. Notably, this is the first time retail fuel prices have been reduced after crude oil costs started falling. However, petrol and diesel prices at state-owned fuel pumps, such as Indian Oil, HP and Bharat Petroleum, are yet to be revised.