India's largest private fuel retailer, Nayara Energy, has reduced petrol prices by Rs 5 per litre and diesel prices by Rs 3 per litre across its nationwide network. The revised rates came into effect on Wednesday at all of the company's more than 7,000 fuel stations, making it the first retail fuel price cut by any company in over two years. The move follows a decline in international crude oil prices after tensions in West Asia eased and the reopening of a key maritime route improved the flow of crude oil and liquefied natural gas (LNG), reducing concerns over global supply disruptions. However, state-run oil marketing companies (OMCs) — Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) — have not revised fuel prices. The three public sector companies, which operate more than 90% of India's fuel retail network, continue to maintain existing rates. At IOC outlets in Delhi, petrol remains priced at Rs 102.12 per litre, while diesel continues to cost Rs 95.20 per litre. Nayara Energy had earlier increased petrol prices by Rs 5 per litre and diesel prices by Rs 3 per litre on March 26 after the Iran conflict pushed up global crude oil prices. Public sector OMCs later raised petrol and diesel prices by a cumulative Rs 7.50 per litre each during the second half of May, citing higher international crude prices and increased product costs. The latest reduction by Nayara effectively reverses its March price hike and marks the first retail fuel price cut after global oil markets stabilised in recent weeks. Latest petrol prices in metro cities CityPetrol Price (Rs/litre)Delhi102.12Mumbai111.21Kolkata113.51Chennai107.76 Latest diesel prices in metro cities CityDiesel Price (Rs/litre)Delhi95.20Mumbai97.83Kolkata99.82Chennai99.55 According to Indian Oil, petrol and diesel prices are revised daily at 6 am. While Nayara Energy has lowered fuel prices across its outlets, customers buying fuel from state-run OMCs will continue to pay the existing rates until any official revision is announced.You can check latest prices of petrol and diesel in other cities from here.
Petrol, diesel price today: Have state-run OMCs cut fuel prices after Nayara Energy's rate slash? Check latest rates
Nayara Energy, India's largest private fuel retailer, has slashed petrol prices by Rs 5 and diesel by Rs 3 per litre nationwide. This marks the first retail price cut in over two years, following a dip in global crude oil costs. While Nayara reversed its earlier March hike, state-run oil companies like IOC, BPCL, and HPCL have maintained their current rates, leaving consumers with differing prices across the country.
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