By Admin 
Petrol-Diesel Rate Today on June 2: Leading private sector oil company Nayara Energy has cut the prices of petrol by Rs 5 per liter and diesel by Rs 3 per liter tomorrow on July 1, 2026.
After this decision of the company, now the general public of the country is hopeful that government oil marketing companies (OMCs) can also announce reduction in retail fuel prices. Let us tell you that the new prices of Naira have been implemented in more than 7000 pumps across the country.
When did Naira increase its prices?
Naira had increased petrol prices by Rs 5 per liter and diesel prices by Rs 3 per liter in March when tensions in West Asia reached their peak amid the war between America and Iran. Now, with the ongoing peace talks in Doha between America and Iran, the situation has become normal to a great extent. Crude oil has also started being supplied through the Strait of Hormuz, hence the company has also reduced the prices which were increased earlier.
Government oil companies did not reduce prices
Government oil companies in India – Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) – have not made any change in the fuel prices in the country even today, July 2. Let us tell you that more than 90% of the outlets of petrol pumps across the country belong to these three companies.
| City | Petrol price (per litre) | Diesel price (per litre) |
| Delhi | Rs 102.12 | Rs 95.20 |
| Mumbai | Rs 111.21 | Rs 97.83 |
| Kolkata | Rs 113.51 | Rs 99.82 |
| Ahmedabad | Rs 101.70 | Rs 97.84 |
| Chennai | Rs 107.77 | Rs 99.55 |
| Patna | Rs 113.35 | Rs 99.36 |
| Shimla | Rs 102.55 | Rs 94.61 |
| Chandigarh | Rs 101.51 | Rs 89.47 |
| Pune | Rs 111.52 | Rs 98.15 |
Government oil companies are in no hurry
At the peak of tensions in West Asia, when crude oil prices in the global market reached record high levels, government oil companies had to suffer huge losses (under-recovery). According to the report of Moneycontrol, industry experts say that right now the companies want to compensate for the losses incurred in the last few months and at the same time they are also keeping an eye on the ups and downs of the global situation. It has been said in the report that even though the prices of crude oil have come down, there is still a possibility of continuation of the ceasefire and interruption in supply again.
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