Petrol prices in Delhi climbed 19 paise to Rs69.07/liter on Friday while diesel rose 28 paise to Rs62.21/liter amid the constant rise in global crude oil prices.
In Mumbai, the price of petrol has gone up 19 paise to retail at Rs74.72/liter compared to Rs74.53/liter on Thursday. Diesel prices have also gone up 30 paise to Rs65.73/liter.
The rise in prices could be contributed to increasing international benchmark prices -- Brent and West Texas Intermediate (WTI). Both benchmarks were trading 1% higher on Friday, and easing investor concerns regarding the trade conflicts between the US and China. Further, the start of production cuts in OPEC+ countries also kept oil prices elevated.
Further, the depreciation of the Indian rupee against the US dollar also impacted fuel prices. The domestic unit has depreciated 97 paise to 70.52/US$ in the week ending January 6.
On Friday, the currency had depreciated 13 paise to 70.57/US$ in intraday trade compared to the previous close of 70.44/US$. Currently, the unit is trading at 70.54/US$.