Nayara Energy, India’s largest private fuel retailer, has increased petrol prices by up to Rs.5.30 per litre and diesel by around Rs.3 per litre amid global disruptions to energy supplies due to the ongoing Iran-US war.
With tensions in West Asia impacting supplies — including disruptions around the Strait of Hormuz and attacks on energy infrastructure — fuel prices in India have been gradually rising over the past few weeks. Nayara Energy, which operates 6,967 of India’s 1,02,075 petrol pumps, decided to pass on part of the increased input costs to consumers, sources said.
Here are city-wise petrol prices:
| City | Price (Rs) per litre |
|---|---|
| Hyderabad | 107.46 |
| Kolkata | 105.41 |
| Mumbai | 103.54 |
| Bangalore | 102.92 |
| Bhubaneswar | 101.19 |
| Chennai | 100.80 |
| Gurgaon | 95.57 |
| Noida | 95.16 |
| New Delhi | 94.77 |
| Chandigarh | 94.30 |
Here are city-wise diesel prices:
| City | Price (Rs) per litre |
|---|---|
| Hyderabad | 95.70 |
| Bhubaneswar | 92.77 |
| Chennai | 92.39 |
| Kolkata | 92.02 |
| Bangalore | 90.99 |
| Mumbai | 90.03 |
| Noida | 88.31 |
| Gurgaon | 88.03 |
| New Delhi | 87.67 |
| Chandigarh | 82.45 |
While the base hike is about Rs.5 per litre for petrol and Rs.3 for diesel, the effective increase varies across states due to local taxes such as VAT, reaching up to Rs.5.30 in some places. “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 forced the price revision.
Amid concerns over fuel availability, panic buying has been reported in several states, with long queues seen at petrol pumps and LPG distribution centres. In Hyderabad, petrol was priced at Rs.107.46 per litre on Thursday, while cities like Mumbai and Kolkata also recorded prices above Rs.100. Hyderabad also reported one of the highest diesel rates among metro cities at Rs.95.70 per litre.
Despite government assurances that there is no fuel shortage, panic buying was reported in parts of Assam, including Guwahati, following social media claims of supply issues.
Meanwhile, AIMIM chief Asaduddin Owaisi alleged that the government has been “caught off guard” in handling the “energy crisis” amid the West Asia conflict, citing inadequate strategic petroleum reserves. He also warned of possible further fuel price hikes after upcoming Assembly elections.