Indian private refiners profit from cheap Russian crude as state refiners suffer

26 July 2024

Nayara Energy in an emailed statement said it is maintaining fuel supplies to its dealers, and acknowledged a nominal increase in its retail prices for long-term interest of the company

Private refiners have priced their fuels at a higher rate compared to their state peers and have reduced supplies to their pumps, several dealers from Nayara Energy said, leading to customers turning to state retailers fuel station.