A Nayara Energy retail petrol pump in Purulia, West Bengal, India, on January 11, 2026. Petrol and diesel prices in India are increasing due to a sharp surge in global crude oil prices, driven by geopolitical tensions in West Asia and fears of supply disruptions. Private retailers like Nayara Energy and Shell have raised prices to offset losses amid a weaker rupee, despite government excise duty cuts. Nayara Energy, formerly Essar Oil, is a major downstream energy company in India, owning the second-largest single-site refinery. It is primarily owned by Russia's Rosneft and a Trafigura-led consortium, significantly contributing to India's refining capacity and operating numerous petrol pumps across the country.
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