Nayara Energy announces reductions in retail fuel prices, cutting petrol by ₹5 per litre and diesel by ₹3 per litre from 1 July. Multiple outlets report that the change comes as global crude oil rates cool following easing tensions in West Asia and improvements in maritime supply routes. The outlets link the decline in international prices to developments that lower expectations of supply disruptions, including the reopening of a key shipping route through the Strait of Hormuz and related movement of crude and LNG. Mint further attributes the easing to global crude retreat after an Iran–US memorandum of understanding. Other coverage notes that Nayara Energy previously raised petrol and diesel prices in May 2026—petrol by ₹5 and diesel by ₹3—when international crude prices climbed amid conflict-related concerns and the closure of the Strait of Hormuz. At least one report says this retail rollback is the first by any Indian fuel retailer in more than two years. The company’s move adjusts pump prices in line with changing international benchmarks.