Sanctions-hit Nayara may have to tap PSUs with $1-2 per barrel discount

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Nayara Energy might provide a discount to Indian Oil firms. This is because European sanctions are affecting Nayara's exports. The Rosneft-backed company is in talks with Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum. They want to sell refined fuel to these companies. The OMCs are seeking a discount on the fuel. Nayara's refinery is operating at reduced capacity.