The Latest Breaking News from Nayara Energy

50 litres per customer: Private pumps ration diesel as oil shock deepens

Private fuel retailers have started limiting diesel sales at their pumps due to rising crude prices. Several Jio-BP outlets have imposed caps on diesel sales per customer and daily limits. Nayara Energy outlets have similarly enforced restrictions for transactions within certain limits. However, state-run oil marketing companies continue to sell…

The Economic Times · Sep 24

Russia imports record fuel from India as Ukraine strikes hit refineries

Russia imported record oil products from India in August. This surge occurred as Ukrainian drone strikes disrupted domestic refining capacity. India supplied seventy percent of Russia's oil product imports during this period. These shipments underscore the impact of sustained Ukrainian drone campaigns. Russia's fossil-fuel export revenues saw a decline in…

The Economic Times · Sep 13

India becomes key petrol supplier to Russia as refinery attacks bite

India has become a key gasoline supplier to Russia recently. Russian fuel imports surged due to Ukrainian drone attacks on its refineries. Indian refiners supplied significant gasoline volumes to Russia in recent months. These supplies largely originated from Nayara Energy's Vadinar refinery. Russia is importing gasoline as domestic production faces…

The Economic Times · Aug 30

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 · Jun 22

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 · Jun 4

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 · Jun 2

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 · Feb 8, 2023

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 · Jul 4, 2022

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 · Jul 1, 2022

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 · Jun 26, 2022