Commodities

Nayara Energy raises petrol by ₹5, diesel by ₹3

• Nayara increased petrol prices by ₹5 and diesel by ₹3
• The increase comes amid pressure on fuel retailers from higher global energy prices

G7 agrees to release 100 million barrels of oil and fuel over four months

• The release will include crude oil and diesel from emergency reserves
• The four-month release aims to ease fuel shortages and soaring prices
• Lower oil prices could benefit Indian fuel retailers and oil-importing sectors

Petrol, Diesel Prices On October 3: Check New Fuel Rates In Mumbai, Bengaluru, Chennai, Kolkata And More

• Global crude crossed $100 amid Middle East tensions
• State-run oil companies kept fuel prices unchanged on October 3
• Crude above $100 pressures margins for Indian oil-marketing companies if pump prices stay unchanged

G7 to release 100 million barrels of oil reserves through IEA

• The co-ordinated release includes frontloaded diesel supplies to stabilise global energy markets
• Lower crude and diesel prices could ease costs for Indian refiners and fuel retailers

LPG consumption down, diesel & petrol sales up in September

Trump weighs diesel export ban; Macron rallies G7 leaders over surging energy prices — inside transatlantic energy clash

• Macron plans a G7 leaders’ call on surging fuel prices as the US pressures allies to release diesel stocks
• Oil price swings affect Indian oil marketing companies and fuel consumers

Nayara says fuel supplies continue across 7,000-plus outlets

• Nayara said it had imposed no fuel supply restrictions across its retail network
• The statement followed a warning that private retailers could be told to stop supplies
• Fuel availability reassurance may ease concerns for Indian oil retailers and transport operators

UK average diesel pump price hits £2 per litre for first time

Europe diesel prices drop as bloc weighs fuel reserve release - report