After Reliance-BP, now Nayara Energy is selling petrol and diesel one rupee cheaper than PSU

New Delhi. Nayara Energy, the country’s largest private fuel retailer, has started selling petrol and diesel at Re 1 less than state-owned oil marketing companies. Reliance Industries Ltd and its UK partner BP Plc are already selling fuel at a lower price than PSU companies. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have not cut crude oil prices in the domestic market despite fall in international crude oil prices.

On the other hand, private fuel retailers are passing on the benefit of this fall to the consumers. A Nayara Energy spokesperson said, “To promote domestic consumption and better serve local customers, we are offering Re 1 discount at our retail outlets till the end of June 2023.” We believe in being a strong partner for India’s energy needs and will continue to meet the country’s demand, he added. Nayara Energy has a share of over seven percent of India’s 86,925 petrol pumps. The company is selling petrol and diesel at Re 1 per liter less than IOC, BPCL and HPCL in 10 states like Maharashtra and Rajasthan.

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