Petrol dearer by up to Rs 2.54 per litre

New Delhi: State-owned oil companies today raised petrol prices by Rs 2.50-Rs 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 Rs 2.50 per litre with effect from midnight tonight, while Hindustan Petroleum Corp Ltd (HPCL) would hike rates by Rs 2.54 a litre, an industry official said.

Bharat Petroleum Corp, the third state fuel retailer, would raise price by Rs 2.53 per litre with effect from midnight tonight.

The three firms from on December 15-16 raised petrol prices by Rs 2.94-2.96 per litre, the biggest hike in six months.

Petrol at IOC outlets in Delhi now costs 55.87 per litre and from tomorrow it will be priced at Rs 58.37 a litre.

The fuel at HPCL and BPCL pumps would be sold at Rs 58.

Oil firms also raised the  jet fuel (ATF) price by 2 per cent with effect from midnight tonight.