Kolkata, New Delhi, INDIA. New York, USA.
Business To Business, New Delhi, 01st July, 2026: Nayara Energy, India's largest private fuel retailer, on Wednesday reduced petrol prices by Rs 5 per litre and diesel prices by Rs 3 per litre across its nationwide network, marking the first retail fuel price cut by any company in more than two years.
The reduction follows a decline in international crude oil prices after easing tensions in West Asia and the reopening of a key maritime route helped restore the flow of crude oil and liquefied natural gas, easing concerns over global supply disruptions.
The revised prices have come into effect at all of Nayara Energy's more than 7,000 fuel stations across the country, according to industry sources.
Actual retail prices will continue to vary across states depending on local taxes and levies, including value-added tax (VAT).