Fuel Price Hike Latest News: Petrol and diesel prices have increased at Nayara Energy fuel stations across India from Saturday, October 3, 2026. The private fuel retailer has raised petrol prices by ₹5 per litre and diesel prices by ₹3 per litre amid rising international crude oil and refined fuel costs.
The latest fuel price hike is applicable across Nayara Energy’s network of 7,108 petrol pumps. The company is seeking to narrow the gap between retail fuel prices and its rising procurement costs, according to people familiar with the matter.
Fuel Price Hike Today: How much have petrol and diesel prices increased?
Nayara Energy has increased petrol prices by ₹5 per litre and diesel prices by ₹3 per litre. The revised rates took effect from the early hours of October 3.
The increase applies to Nayara Energy’s retail network across the country. However, this does not mean that petrol and diesel prices have increased by the same amount at every fuel station in India.
Petrol and Diesel Price Hike: Why has Nayara Energy increased fuel prices?
The latest increase comes as international crude oil and refined petroleum product prices have risen. Higher global energy costs have put pressure on fuel retailers that have continued selling petrol and diesel at relatively stable domestic prices.
Nayara’s latest move is aimed at narrowing the difference between its retail prices and rising input costs.
Petrol Diesel Price Today: Are prices higher at all fuel pumps?
No. The latest hike is specific to Nayara Energy’s retail network.
State-owned oil marketing companies, including Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation, have generally kept retail petrol and diesel prices stable despite higher international oil prices. These companies account for more than 90% of India’s petrol pumps.
Jio-BP has also not changed its petrol and diesel prices so far, according to reports.
Fuel Price Hike Latest News: How many Nayara petrol pumps are affected?
The price increase affects Nayara Energy’s 7,108 fuel stations across India.
The revised prices came into effect from October 3 and are expected to widen the difference between prices at Nayara outlets and some state-owned fuel stations.
Petrol Diesel Price Hike 2026: What happened to fuel prices earlier this year?
Nayara Energy had previously increased petrol and diesel prices by the same amounts on March 26, 2026, after international energy markets came under pressure.
The company later reversed that increase on July 1 after international crude prices declined as tensions in West Asia eased. The October 3 revision therefore represents another major price adjustment by the private fuel retailer this year.
Why are fuel retailers facing pressure?
Fuel retailers are facing higher costs because of the rise in international crude and refined-product prices. When domestic pump prices remain unchanged while global costs increase, the difference can reduce the margins of oil marketing companies.
ICRA estimated that oil marketing companies were facing negative marketing margins of around ₹8 per litre on petrol and ₹9 per litre on diesel in September.
Government Fuel Price News: What did the Centre say about fuel sales?
The fuel price increase comes shortly after the government warned private fuel retailers against restricting petrol and diesel sales at their outlets.
Petroleum Secretary Neeraj Mittal said on October 1 that unilateral restrictions on fuel sales were not acceptable. The government has been seeking uninterrupted fuel availability amid pressure on private retailers from higher international oil prices.
Fuel Price Hike Impact: Will petrol and diesel become costlier for consumers?
The immediate impact will depend on where consumers buy fuel. Customers using Nayara Energy outlets will pay the revised prices, while prices at other retailers may remain different.
A sustained increase in fuel costs can also raise transportation and logistics expenses, potentially affecting businesses and consumer prices. However, the extent of any wider impact will depend on future crude oil prices and retail pricing decisions.
Petrol Diesel Price Today: Will other companies increase prices?
There is no confirmed announcement of a similar increase from all fuel retailers at this time. State-owned oil marketing companies have largely maintained their retail prices, while Jio-BP has also not announced a corresponding hike.
Future changes will depend on international crude prices, refined-product costs, domestic market conditions and decisions by individual fuel retailers.
Fuel Price Hike Latest News: What should consumers check?
Consumers should check the latest displayed rate at their local petrol pump before refuelling because prices can differ between companies and states.
The October 3 hike is particularly relevant for customers using Nayara Energy outlets, where petrol is now ₹5 per litre costlier and diesel ₹3 per litre costlier following the latest revision.
