Nayara Energy Refinery Shutdown Leads to Fuel Price Hikes and Shortage Concerns in India
Nayara Energy's planned 35-day refinery shutdown, impacting 8% of India's refining capacity, has led to petrol and diesel price hikes across the country and sparked concerns of fuel shortages, causing people to flock to petrol pumps.
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Nayara plans 35-day shutdown, 8% of India's refining capacity may take a hit
A large portion of the refinery’s output is sold within the domestic market, with exports having declined after the sanctions last year. A considerable share of production is supplied to state-run refiners.
By TOI BUSINESS DESK
Read full article →Petrol, diesel prices hiked by Nayara Energy across India. Check city-wise rates here
Amid concerns of fuel shortage, people in many states across India are flocking petrol pumps to get their vehicles refuelled.
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