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The Latest Breaking News from Nayara Energy

India refiner Nayara's gasoline sold to Russia via traders, sources say

Indian refiner Nayara Energy's gasoline is reportedly reaching Russia, which faces fuel shortages due to Ukrainian attacks. While Indian Oil Minister stated no direct sales, traders might be facilitating these shipments. Nayara, with a stake held by Russian oil major Rosneft, has been processing exclusively Russian crude and relying on…

The Economic Times

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…

The Economic Times

Petrol, Diesel prices cut on July 1: Check latest fuel rates in Delhi, Mumbai, Chennai, Kolkata, Bengaluru and other cities

Nayara Energy has slashed petrol prices by Rs 5 and diesel by Rs 3 per litre, attributing the move to easing international crude oil costs. This follows a recent reduction in commercial LPG cylinder prices. While Nayara's over 7,000 stations now offer lower rates, public sector oil retailers, controlling over…

The Economic Times

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Nayara Energy cuts petrol price by Rs 5, diesel by Rs 3 amid softening oil prices

Nayara Energy has slashed petrol prices by Rs 5 and diesel by Rs 3 per litre nationwide, marking the first reduction in over two years. This move follows easing West Asian tensions and stabilizing global oil prices. While Nayara reverses its March price hike, state-owned retailers like IOC, BPCL, and…

The Economic Times

Nayara Energy crosses 7,000 petrol pumps in India

Nayara Energy, backed by Russia's Rosneft, has surpassed 7,000 petrol pumps nationwide, solidifying its status as India's leading private fuel retailer. The company has rapidly expanded its network, adding over 500 outlets in just 18 months, with a significant presence in rural areas. This growth not only enhances fuel accessibility…

The Economic Times

Nayara Energy completes scheduled Vadinar refinery turnaround

Nayara Energy has finished its scheduled maintenance at the Vadinar refinery. This critical work involved thousands of personnel and heavy equipment. The refinery, India's second-largest, is now back online. Nayara ensured fuel supplies remained uninterrupted across its network during the shutdown. The company focused on safety, efficiency, and reliability. This…

The Economic Times

War shifts 80% of India's diesel exports to Africa

India's diesel exports saw a significant shift in May. Africa became the primary destination, absorbing over 80% of shipments. This change happened as demand from Asia and Europe weakened. Geopolitical tensions also reshaped global diesel trade flows. Higher refinery operations in Asia reduced import needs. Europe received no diesel, while…

The Economic Times

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Reliance, BPCL among buyers using UAE currency for Russian oil

Reliance Industries, Bharat Petroleum Corp and Nayara Energy are among Indian refiners using United Arab Emirates dirham to pay for some shipments of Russian crude as they navigate Western sanctions.

The Times of India

Explained: Govt can garner Rs 1 lakh crore from duties, cess on petroleum products

NEW DELHI: The government could garner over Rs 1 lakh crore if it continues to levy cess/duty on production of petroleum crude, and on export of petrol, diesel, and ATF for the rest of fiscal 2023.

The Times of India

Govt slaps windfall tax on fuel exports, domestic crude

NEW DELHI: The government on Friday taxed petrol, diesel and jet fuel exports to discourage overseas sales by private refiners Reliance Industries and Nayara Energy without first meeting domestic commitments and levied additional duty on domestic crude to mop up part of the windfall gains from elevated prices caused by…

The Times of India

Concerns grow that India is ‘back door’ into Europe for Russian oil

Volume of Russian crude bought and then exported by India suggests some of it may end up in European petrol stations

The Guardian - UK

Selling diesel at ₹20-25/litre loss, petrol at ₹14-18/litre loss: private retailers to govt

Private fuel retailers suffer loss as a result of a price freeze by state-owned fuel retailers despite soaring crude rates

The Hindu

Fuel retailers talking of under-recoveries on petrol, diesel: Hardeep Puri

NEW DELHI: With fuel prices remaining unchanged for almost two months despite a rise in cost, oil companies have started detailing under-recoveries or losses, which are as high as Rs 17.1 per litre on petrol and Rs 20.4 on diesel.

The Times of India

Gujarat: No shortage of petrol and diesel, says Nayara Energy

RAJKOT: The rumours on social media about a steep hike in petrol and diesel prices after the election results of the five states are declared and concerns raised over fuel shortage by petrol pump owners have led to people making a beeline at petrol pumps in Saurashtra region.

The Times of India

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