Petrol-Diesel Price Hike: Common man got a big shock, petrol became costlier by ₹ 5 and diesel by ₹ 3; Nayara Energy increased prices

Petrol-Diesel Price Hike In India: The impact of the crisis that has been going on in the Middle East for the last 27 days is now being seen in India also. Earlier people had to face the problem of shortage of LPG cylinders and supply of petrol and diesel. However, the government has clarified that there is no shortage of fuel in the country now. Meanwhile, Nayara Energy on Thursday announced an increase in the prices of petrol by Rs 5 per liter and diesel by Rs 3 per liter. This increase is a result of the recent huge increase in global oil prices.

Oil marketing companies in India are under pressure as retail petrol and diesel prices had remained stable despite an almost 50% rise in international oil prices since February 28 (when the US and Israel launched military strikes against Iran).

How many Naira fuel stations are there in India?

News agency PTI quoted two sources as saying that Naira Energy (which operates 6,967 of India’s total 102,075 petrol pumps) has decided to pass on some part of the increase in input costs to customers. On the other hand, Reliance Industries and BP Plc have not increased prices so far despite incurring huge losses on the sale of petrol and diesel. State-owned fuel retailer companies, which account for about 90 percent of the market, are still keeping prices stable.

Sources told news agency PTI that Naira Energy has increased the price of petrol by Rs 5 per liter and diesel by Rs 3. However, the actual price increase may vary from state to state, depending on the impact of taxes (such as VAT). At some places this increase in the price of petrol has reached Rs 5.30 per liter.

No compensation to private companies

According to sources, private fuel retailers in India do not receive any compensation from the government to cover losses incurred from preventing price increases; In contrast, public sector companies receive government support to act as “good corporate citizens”. Sources further said that due to mounting losses they are left with no other option but to increase retail prices.

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Increase in premium petrol prices

America, Israel and Iran Disruptions in global energy supply are being seen amid the ongoing conflict between. Meanwhile, oil companies on Friday, March 20, 2026 premium petrol Has announced an increase in the price by up to Rs 2.35 per liter with immediate effect.