Loading market data...
Sat, 03 Oct 2026
02:05:48 pm
Sat, 03 Oct 2026
02:05:48 pm
Rudransh Sangwan
Published at: October 3, 2026, 12:31 PM
Synopsis
Petrol prices rise by ₹5 and diesel by ₹3 per litre as crude oil prices climb, raising concerns over fuel costs, transport expenses and inflation.
Private fuel retailer Nayara Energy has increased petrol and diesel prices across its outlets in India.
Petrol prices have been raised by ₹5 per litre, while diesel prices have increased by ₹3 per litre. The new rates took effect from Saturday morning.
| Fuel | Price Increase | Effective |
|---|---|---|
| Petrol | ₹5 per litre | October 3, 2026 |
| Diesel | ₹3 per litre | October 3, 2026 |
The company operates more than 7,000 fuel stations across India. The latest hike has been linked to higher crude oil and refined fuel prices.
Global crude oil prices have remained above $100 per barrel, increasing the cost of refined petroleum products.
Nayara had previously raised petrol and diesel prices by similar amounts in March amid supply concerns linked to tensions involving Iran.
The company later withdrew that increase in July after crude oil prices declined and tensions eased.
The latest increase has been announced by Nayara Energy. Major government-controlled fuel retailers have not raised petrol and diesel prices.
| Fuel Retailer | Latest Price Change |
|---|---|
| Nayara Energy | Petrol +₹5, Diesel +₹3 |
| Indian Oil | No increase reported |
| BPCL | No increase reported |
| HPCL | No increase reported |
Government-controlled companies account for more than 90% of India’s fuel retail outlets, according to the provided report.
Higher fuel prices can increase transportation and operating costs.
If other fuel retailers also raise prices, the impact could extend to freight costs, inflation, business expenses and fuel demand.
Nayara operates a 20-million-tonne-per-year refinery at Vadinar, Gujarat, along with its nationwide fuel station network.
The latest price increase also widens the gap between private and government fuel retailers, making fuel prices an important area to watch in the coming days.
Nayara Energy raised prices due to higher international crude oil and refined petroleum product costs.
Nayara Energy increased petrol prices by ₹5 per litre from October 3, 2026.
Diesel prices were increased by ₹3 per litre with immediate effect.
The revised prices came into effect from October 3, 2026.
The increase applies to Nayara Energy fuel stations across India.
The revised prices apply across Nayara Energy’s 7,108 fuel stations in India.
Yes. Nayara Energy has increased its petrol price by ₹5 per litre from October 3.
Yes. Nayara Energy has increased diesel prices by ₹3 per litre.
No. The latest increase specifically applies to Nayara Energy outlets. State-owned fuel retailers have largely kept pump prices unchanged.
The latest reported Nayara Energy hike does not represent a corresponding increase at Indian Oil outlets.
The latest reported hike was by Nayara Energy. BPCL and HPCL were not reported to have made the same increase.
Higher crude oil prices increase the cost of producing and sourcing petroleum products, putting pressure on fuel retailers’ margins.
The Nayara Energy hike does not automatically mean that all fuel retailers will increase prices. Other companies make their own pricing decisions.
Any further increase will depend on international crude prices, refined-product costs and individual fuel retailers’ pricing decisions.
Yes. Nayara previously increased petrol by ₹5 and diesel by ₹3 in March before reversing the increase in July.
Nayara reduced petrol by ₹5 and diesel by ₹3 in July after global crude oil prices eased.
Higher petrol prices can increase daily travel costs and raise transportation expenses.
Higher diesel costs can increase freight, logistics and operating expenses, which may affect businesses and consumer prices.
Higher fuel costs can add pressure to transportation and operating costs, potentially affecting inflation if the increase spreads across the wider economy.
The October 3 hike is ₹5 per litre for petrol and ₹3 per litre for diesel at Nayara Energy outlets, while prices at other retailers may differ.
Financial journalist specializing in market analysis, stock research, and investment trends. Dedicated to providing accurate, timely insights for informed decision-making.
Credentials: Experienced financial journalist with expertise in equity markets and economic analysis
The information provided in this article is for educational and informational purposes only and should not be construed as financial, investment, or legal advice. welomoney does not provide personalized investment recommendations.
For detailed terms and conditions, please read our Disclaimer and Terms of Service.
India’s Rafale plan could create a second fighter jet production line, expand local manufacturing and continue alongside the indigenous Tejas Mk1A...
Cabinet approves higher MSPs for six Rabi crops, an AI-based traffic system for Delhi and Green Energy Corridor Phase 3 to expand renewable power...
ITC buys the remaining Yoga Bar stake for ₹645 crore, taking full ownership of Sproutlife Foods. Here's what the acquisition means.
Explore the 8-week losing streak, FPI selling, crude oil prices, US bond yields, rupee weakness and key market factors.
Nifty briefly slid up to 2.2% and Bank Nifty lost 1,100 points on F&O expiry as CAS-driven price swings put SEBI’s settlement framework under review...
