State-owned oil companies on Saturday raised petrol prices by 2.50-2.54 per litre, the second hike in a month, on back of rising crude oil prices. Indian Oil Corp, the nation’s largest fuel retailer, will raise petrol prices by 2.50 per litre with effect from Saturday midnight, while Hindustan Petroleum Corp (HPCL) would hike rates by 2.54 a litre, an industry official said. Bharat Petroleum Corp would raise price by 2.53 per litre with effect from Saturday midnight. The three firms from December 15-16 raised petrol prices by 2.94-2.96 per litre, the biggest hike in six months.
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