Nayara Energy has slashed its petrol and diesel prices across India by Rs 5 per litre and Rs 3 per litre, respectively. In Mumbai, Nayara now sells petrol at Rs 111.66 per litre and diesel at Rs 97.99 per litre – prices similar to those at the state-owned Indian Oil, HP and Bharat Petroleum fuel pumps.
- First price cut after a reduction in global crude oil rates
- Reverses Nayara’s price hikes implemented in March 2026
Nayara is the country’s largest privately owned petrol pump network with over 7,000 fuel pumps, and the price cut is effective nationwide. The latest price cuts essentially reverse the March 2026 hike, when the per litre prices of petrol and diesel rose by Rs 5 and Rs 3, respectively. However, prices will vary by state based on taxes.
Notably, this is the first time retail fuel prices have been lowered since crude oil costs started to decline following the de-escalation of the Iran-US conflict, a development that has allayed concerns over supply disruptions. However, petrol and diesel prices at state-owned fuel pumps are yet to be revised.
Dhruv Dhaka
Ajit Dalvi
