Petrol became cheaper by 5 rupees in the country after two years and diesel fell by 3 rupees, which company gave big relief?

The country’s largest private fuel retailer, Nayara Energy, on Wednesday increased the prices of petrol by Rs 5 per liter and diesel by Rs 3 across its network across the country. Per liter cut. This is the first cut in retail fuel prices by a company in more than two years.

In fact, due to less tension in the Middle East, the prices of crude oil have come down. Due to which the company has reduced the prices of petrol and diesel. Industry sources said that Naira’s new prices have been implemented at more than 7,000 fuel stations across the country. Actual prices at petrol pumps may vary across states, depending on local taxes such as Value-Added Tax (VAT).

However, government fuel retailers did not make any change in the prices. Government companies – Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) – did not make any change in the prices. These three companies together operate more than 90 percent of the more than one lakh fuel stations in India.

There was an increase in March

Petrol price at IOC outlets in Delhi is Rs 102.12. Price per liter and diesel is Rs 95.20. Per liter remains. When international oil prices rose sharply due to the Iran conflict, Naira was one of the first retailers to increase fuel prices. On March 26, he increased the prices of petrol by 5. 3 per liter and diesel. Per liter was increased. Later, government fuel retailers also increased the prices. While changing the prices several times in the second half of May, he increased the total prices of petrol and diesel by Rs 7.50. Per liter was increased.

Will other companies also make petrol cheaper?

On Wednesday, Naira has withdrawn the price increase which it had done in March. This is the first indication that Indian customers can get fuel at lower prices after the stabilization of the global oil market in recent weeks. Sources said that after the completion of the maintenance work at the refinery, Naira is fully prepared to meet the demand and is utilizing its entire network to meet the consumption needs of the country. Nayara operates an oil refinery with a capacity of 20 million tonnes per year in Vadinar, Gujarat.