Petrol and diesel drivers caused surge in panic buying within days of Iran war
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Nayara Energy has increased petrol prices by Rs 5 and diesel prices by Rs 3 per litre due to rising global oil prices amid the Iran war. The price hike is a result of the company passing on the increased input costs to consumers, as the government has deregulated petrol and diesel prices.
Nayara Energy has hiked petrol prices by Rs 5 and diesel prices by Rs 3 per litre. The company operates 6,967 petrol pumps in India. State fuel retailers have kept petrol and diesel prices unchanged. The price increase is due to rising global oil prices amid the Iran war. Nayara Energy has decided to pass on the increased input costs to consumers.
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