As India steadily recalibrates its oil sourcing away from Russia under growing geopolitical and trade pressure from the West, private refiner Nayara Energy is aggressively expanding its downstream footprint, preparing to add around 300 new fuel retail outlets across the country this year to strengthen margins and domestic market presence.
The move comes at a time when India’s refining sector is navigating a delicate balancing act between cheap Russian oil, shifting global diplomacy, and rising pressure to diversify crude supplies — a transition that is already reshaping procurement strategies across public and private refiners.
A senior company official, speaking on condition of anonymity, said Nayara is pushing retail growth even as it reassesses crude sourcing.
“The refinery is running at optimum utilisation. We are pushing retail growth aggressively and at the same time evaluating alternative crude sources wherever it makes commercial sense,” the official said.