New Delhi: Petrol and diesel prices have again been increased today.

While petrol got costlier by Rs 0.08, for diesel you have to shell out 19 paisa more in Delhi. Today, you have to pay Rs. 70.55/litre for petrol and Rs. 64.97/litre for diesel in the national capital. In Mumbai, petrol and diesel prices are at Rs. 76.18/litre (increase by Rs. 0.07) & Rs. 68.02/litre (increase by Rs. 0.20), respectively.

Petrol prices almost touched the Rs 90 mark last year. However, fuel prices started decreasing post October 18. Rates had cooled to a year's low of Rs 68.29 for petrol and Rs 62.16 in case of diesel after a series of price cuts.

However, there has been an upward trend January 7.

The rise in prices comes amidst the revision of global crude oil prices owing to a possible stifling of supply in the near future. Crude oil prices inched higher on Friday after a report from the Organization of the Petroleum Exporting Countries showed its production fell sharply last month, easing fears about prolonged oversupply.

A further dip in rupee's value and a cut in oil producing countries are expected to push up the retail fuel prices in India later this year.