Fuel Prices on Rising Spree, Petrol Breaches Rs 69-Mark in Delhi
Image used for representational purpose only | (Photo Credits: IANS)

New Delhi, January 11: Fuel prices continued to witness the upward trend for the second consecutive day on Friday with petrol and diesel being sold at Rs 69.07 and Rs 62.81 per litre respectively in the national capital. While petrol price witnessed a hike of 19 paise, diesel got costlier by 28 paise in Delhi. In Mumbai, petrol and diesel are being sold at Rs 74.72 and Rs 65.73 per litre respectively on Friday.

The fresh increase comes after crude oil rates edged higher on Thursday, supported by comments from the US Federal Reserve chairman, but gains were capped as optimism surrounding US-China trade talks faded. Fuel Prices on Falling Spree: Consumers Sigh Relief As Petrol Price Cut by Over Rs 4 and Diesel by Rs 2.33 in Last 18 Days.

Meanwhile, the Indian Rupee also fell against the US dollar. On Friday, the Indian Rupee was trading 8 paise lower against the US dollar at 70.49. Petroleum and Natural Gas Minister Dharmendra Pradhan had earlier said that the hike in the prices of petrol and diesel in the country was because of the depreciation in the value of the Indian Rupee against the US dollar.