New Delhi, Oct. 3 -- Pressure continues to mount on fuel retailers amid higher global energy prices, as Nayara Energy, India's largest private fuel retailer, has increased fuel prices with immediate effect. Petrol prices have been increased by Rs.5 per litre, while diesel prices have risen by Rs.3 per litre.

The latest hike marks another price revision by Nayara Energy this year, as Indian refiners deal with the impact of geopolitical disruptions on global crude oil and fuel markets, news agency PTI reported on Saturday, citing people familiar with the matter.

According to the report, India's largest private fuel retailer, which operates over 7,000 fuel stations across the country, announced the price hike, with effect from early hours ...