New Delhi, Oct. 11 -- Reliance Industries-backed Jio-bp has raised prices of petrol and diesel by Rs.5 and Rs.3 per litre, respectively, four people familiar with the development, including fuel pump dealers, said.

Following the increase, effective Sunday, petrol is being sold around Rs.108.54 per litre and diesel at Rs.99.19 a litre in Punjab, fuel retailers said. In Haryana, Jio-bp pumps are selling petrol at around Rs.109.80 per litre and diesel at Rs.97.75 a litre.

Jio-bp is the second fuel retailer in the country to raise prices in the last 10 days. Rosneft-backed Nayara Energy raised petrol and diesel prices by Rs.5 and Rs.3 per litre, respectively, on 3 October, as reported by the Press Trust of India. Reliance and Nayara are als...