Petrol, Diesel Get Cheaper At Nayara Pumps As Global Oil Prices Ease

Public-sector oil companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum haven't announced any reduction in retail fuel prices.

Show
Quick Read
Summary is AI-generated, newsroom-reviewed

• Nayara Energy cut petrol prices by Rs 5 and diesel by Rs 3 from July 1 nationwide
• Global crude prices eased after Middle East tensions, reducing input costs for refiners
• A 40-litre petrol refill now costs Rs 200 less, diesel Rs 120 less at Nayara stations

How can I find the current fuel price at my nearest Nayara station?
New Delhi:

Petrol, Diesel Price Cut: After weeks of uncertainty triggered by the Middle East conflict, motorists finally have some reason to cheer.

Private fuel retailer Nayara Energy has cut petrol prices by Rs 5 per litre and diesel prices by Rs 3 per litre across its retail network from July 1. The move comes as global crude oil prices have cooled sharply after geopolitical tensions eased and concerns over oil supply disruptions faded.  

In Bengaluru, the petrol price, after revision, stood at Rs 111.20. Diesel was being sold at Rs 98.80 in the city. A Nayara petrol pump operator in Karnataka told NDTV that they received the notification for price cut at 3:20 am on Wednesday. Meanwhile, at Faridabad, petrol was selling at Rs 103 while diesel stood at Rs 98.84. Similarly, in Maharashtra, petrol at Nayara pumps is now selling at Rs 111.66 while diesel stood at Rs 97.99.

Another Nayara petrol pump owner, who wished to remain anonymous, told NDTV that petrol and diesel prices at Nyara pumps may be different for different districts. The source added that logistics cost is also factored in. "If the petrol pump is far away from the main fueling station, fuel price may be slightly higher there. Although, the difference is usually small, like 25 paisa."  

The price reduction applies to all Nayara fuel stations (nearly 7,000) across the country, making it the first major cut in retail fuel prices since crude prices began falling. However, the final retail price will continue to vary from state to state depending on local taxes such as value-added tax (VAT).

The decision could also put pressure on rival private retailers to review their own prices if international oil markets remain stable. Follow Markets Live Updates

Why Have Fuel Prices Come Down?

Global crude oil prices had surged in recent weeks after the conflict in the Middle East raised fears that supplies through the Strait of Hormuz-a crucial shipping route for global oil-could be disrupted. Those fears have now eased.

On July 1, Brent crude was at $73 per barrel. Oil prices have retreated as tensions cooled and shipping movements normalised, reducing input costs for refiners. The softer global market has now started reflecting in retail fuel prices offered by private companies like Nayara Energy.  

Relief For Consumers

For motorists who regularly fuel up at Nayara outlets, the savings are immediate. A full 40-litre petrol refill now costs Rs 200 less than before. For diesel vehicle owners, the same quantity costs Rs 120 less.

The reduction comes at a time when fuel costs have remained a major household expense despite fluctuations in international crude markets. Notably, Nayara operates a 20-million-tonne-per-year refinery at Vadinar in Gujarat.

Will State-Run Fuel Retailers Also Cut Prices?

That remains the biggest question.

Public sector oil marketing companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum have not announced any reduction in retail fuel prices so far. In Delhi, petrol continues to retail at Rs 102.12 per litre and diesel at Rs 95.20 per litre at IOC outlets.

Unlike private retailers, state-owned companies often weigh several factors-including inventory costs, government policy and pricing strategy-before revising pump prices.

Industry watchers say if crude oil continues to remain at lower levels for an extended period, pressure could build for broader price cuts across the sector.  

A Sharp Turnaround From Just Months Ago

The latest price cut marks a dramatic reversal from March, when Nayara Energy had raised petrol prices by Rs 5 per litre and diesel by Rs 3 after crude prices spiked during the height of the Iran War crisis.  

Now, with international oil markets calming, the company has rolled back those increases.

What It Means

The move offers immediate relief to millions of customers using Nayara's fuel stations and signals that global crude trends are once again filtering through to retail prices.

Whether this remains a one-company decision or triggers a wider round of fuel price cuts across India will depend on where global oil prices head in the coming weeks.

Got a follow‑up question on this article? Go on

• Are all Nayara petrol pumps offering these price cuts?
• Why haven't government-run petrol pumps lowered their prices yet?
• Will fuel prices drop further if global oil costs keep falling?

How may i help you today

Show full article

Track Latest News Live on NDTV.com and get news updates from India and around the world

Follow us:
Petrol Price Cut, Diesel Price Cut, Fuel Prices Today