Nayara Energy had reduced the selling price of petrol at its retail outlets (ROs) by ₹5 per litre and diesel by ₹3 per litre with effect from Wednesday.

The first price cut by the Rosneft-backed private oil marketing company (OMC) will be applicable across all its 7,086 ROs, including 2,160 serving rural India.

This is also the first price cut by a private OMC since the West Asia conflict began on February 28, 2026. Nayara Energy has the largest private network of retail outlets in the world’s third largest crude oil user that consumes roughly 5.6 million barrels per day (mb/d).

In May 2026, Nayara Energy had raised the price of petrol and diesel by ₹5 and ₹3 per litre, respectively, which was due to a steep rise in international crude oil prices following the West Asia conflict and closure of the Strait of Hormuz (SoH).

PSU OMCs have raised retail prices of the two auto fuels by around ₹7.50 per litre since May 15, 2026.

Sources said post the refinery turnaround, Nayara Energy is fully geared to meet demand. The company’s Vadinar refinery had undergone scheduled maintenance for over a month beginning April 2026.

The maintenance of India’s second largest single site refinery was executed amid a complex geopolitical environment, the turnaround reflects the company’s operational resilience and its ability to execute large-scale interventions without impacting supply continuity.

Nayara Energy accounts for around 8 per cent of India’s total refining capacity and roughly 7 per cent of its retail fuel network, alongside a growing petrochemicals presence. 

Recently, the company surpassed the milestone of 7,000 retail outlets and has been steadily expanding its retail footprint, adding over 500 stations in the last 18 months. This translates to nearly one new outlet every day, thereby, reflecting its continued investment in strengthening fuel access.

Published on July 1, 2026