Latest News, Updates & Breaking Headlines
Image used for representative purposes NEW DELHI: The government is considering building liquefied petroleum gas (LPG) reserves as a buffer against potential supply disruptions, a government official said on Monday.The move comes as Nayara Energy is set to shut its Vadinar refinery from April 9–10, a development that is expected to impact LPG supplies in…
Private fuel retailer Nayara Energy on Thursday raised petrol prices by Rs 5 per litre and diesel by Rs 3 per litre, in line with a surge in global oil prices due to the war in West Asia.Nayara, majority-owned by Russia’s Rosneft, operates nearly 7,000 of the more than 1 lakh filling stations, mainly on…
NEW DELHI: India’s largest private fuel retailer Nayara Energy on Thursday raised its prices by Rs 5 per litre and diesel by Rs 3 a litre amid the ongoing Middle East crisis. Nayara Energy, which operates 6,967 of India’s 102,075 petrol pumps, has decided to pass on part of the increase in input costs to…
The company had postponed maintenance work at its 20 million tonnes-per-year Vadinar refinery in Gujarat. (AI image) Russia’s Rosneft-backed Nayara Energy is planning to halt operations for around 35 days starting early April, a move that could temporarily take nearly 8% of India’s refining capacity offline and tighten domestic fuel availability, according to people familiar…
Representative image (AI-generated) State-run Indian Oil Corp and Rosneft-backed Nayara Energy have increased their purchases of Russian crude in January. This comes even as India’s overall imports from Russia have declined under US sanctions.Reliance Industries, India’s largest buyer over the past year, along with several other refiners, has not received any supplies this month. This…
India’s fuel exports drop India’s fuel exports dropped 21% month-on-month in October as refiners prioritised domestic demand during the festive season and redirected supplies to cover gaps caused by Hindustan Petroleum Corporation Ltd’s (HPCL) refinery outage. Exports remained constrained for Nayara Energy due to sanctions.Fuel shipments fell to 1.25 million barrels per day (bpd) in…
Analysts are of the view that the latest round of Trump sanctions may hit earnings of these two oil refineries. (AI image) US President Donald Trump’s move to impose sanctions on two of Russia’s largest oil suppliers – Rosneft and Lukoil – spells bad news for India’s private sector refineries Reliance Industries (RIL) and Russia-backed…
The United Kingdom on Wednesday announced 90 new sanctions targeting Russia’s oil sector and Indian petroleum firm Nayara Energy Limited, in a fresh bid to cut off Moscow’s wartime revenue streams.The UK’s foreign, commonwealth and development office (FCDO) said the coordinated action, taken jointly with the Treasury, was designed to “strike at the heart” of…
Nayara Energy’s refinery has intensified its railway usage, dispatching two to three trains daily. (AI image) Nayara Energy, the Indian refinery with major Russian ownership, is scrambling to sustain operations after being hit by European Union sanctions. The Russian-owned refinery, facing exclusion from many international markets due to severe EU sanctions implemented on July 18,…
The majority of Indian exports to Brazil and Turkey originated from Reliance, with Nayara providing a smaller portion. (AI image) With Russia’s oil refineries being damaged by Ukraine attacks, India’s oil companies are plugging in the resulting shortages in the global oil markets. India has moved to fill fuel supply gaps in Russia’s primary markets…
