BPCL hikes petrol price by Rs. 2.95 per litre

New Delhi, Dec 14 (ANI): Following a spike in international crude oil prices, state-owned Bharat Petroleum Corporation Ltd (BPCL) has announced a hike in petrol prices by Rs. 2.95 per litre, which will come into effect from Tuesday night.

"Other two state-run refiners Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Limited (HPCL) will also hike petrol prices by Rs. 2.40 - 2.95 per litre from Thursday," The NDTV reports.

A hike in diesel rates is likely to be considered by an Empowered Group of Ministers (EGoM) headed by Union Finance Minister Pranab Mukherjee on December 22.

The state-run refiners had on November 9 raised the price of petrol by Rs. 0.32 per litre to Rs. 52.91 a litre in Delhi.

The IOC, BPCL and HPCL have revised the rates six times since June 26, as the crude oil has jumped from $73-74 per barrel to $90 per barrel mark. (ANI)