State-owned oil companies 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.

IOC, 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

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