Petrol prices in India have risen by ₹5.30 per litre and diesel has gone up by ₹3 per litre as Nayara Energy, India's largest private fuel retailer increased the fuel prices. Track updates on Middle East war People queue up at a petrol pump amid rumours of fuel shortage in the wake of the West Asian conflict, in Prayagraj, Uttar Pradesh, Thursday, March 26, 2026. (PTI)
In the backdrop of energy concerns triggered by the Iran-US war, petrol and diesel prices in India have been through a gradual uptick over the past few weeks as virtual shuttering of Strait of Hormuz and US and Iran launching attacks on energy facilities has disrupted the global supplies.
Nayara Energy, which operates 6,967 of India's 102,075 petrol pumps, has decided to pass on part of the increase in input costs to consumers, PTI quoted sources as saying.
Sources said while Nayara, majority-owned by Russia's Rosneft, hiked petrol price by ₹5 per litre and diesel by ₹3, the effective rate increase differs from state to state depending on the incidence on local taxes like VAT. In some places, the increase is as high as ₹5.30 per litre for petrol.
"Private fuel retailers in India receive no government compensation to offset losses from holding back price increases, unlike state-owned firms that are supported for acting as "good corporate citizens", sources said, adding that mounting losses have left them with little choice but to raise retail prices.