New Delhi: On Friday, following the daily revision in retail fuel prices, petrol prices rose while diesel prices fell by 7-8 paise across four metropolitan cities in the country. Petrol prices in New Delhi were increased by 5 paise to Rs 72.76 a litre on Friday as against Rs 72.71 on Thursday. Diesel in the national capital is retailing at Rs 66.65 a litre, 7 paise decrease from yesterday’s price, according to data from Indian Oil Corporation website. Citizens in Mumbai have to pay Rs 78.38 for a litre of petrol after a 5 paise hike over Thursday’s rate. A litre of diesel costs Rs 69.81 in Mumbai, 8 paise costlier than yesterday’s rate of Rs 69.89 per litre.

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Here it is to be noted that Retail petrol price in Chennai was raised by 5 paise to Rs 75.57, from Rs 75.52 recorded on Thursday. Diesel prices were lowered by 7 paise from yesterday’s rate price of Rs 70.50 a litre. In Kolkata, petrol is retailing at Rs 74.84 a liter, 5 paise jump from Thursday’s rate of Rs 74.79 while diesel price dropped to Rs 68.44, 7 paise less than yesterday's price of Rs 68.51 a litre. In Noida, a litre of petrol costs Rs 72.16 while diesel costs Rs 66.73. In Gururgram, petrol costs Rs 72.70 and diesel Rs 65.84. 

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However, retail petrol price had peaked to Rs 84 a litre in Delhi and it crossed the Rs 91 mark in Mumbai in October last year. So far this year, petrol prices went up about Rs 4 per litre in major cities of the country. In tandem with petrol, diesel prices have been raised by 5 a litre. Petrol and diesel prices in Delhi are the cheapest among all metros and most state capitals due to lower taxes.

On other hand in the international oil market, crude prices held near 2019 highs, supported by supply cuts led by OPEC and US curbs Iran and Venezuela. International Brent crude oil futures were trading at USD 67.82 per barrel, down 4 cents from their last close.