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

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.