New Delhi: Fuel prices yet again hiked on Saturday with petrol and diesel being retailed at Rs 70.95 per litre (increase by Rs 0.23), and Rs 65.45 per litre (increase by Rs. 0.29) respectively in national capital.  In Mumbai, petrol and diesel prices stood at Rs 76.58/litre and Rs 68.53/litre after an increase of Rs 0.23 and Rs 0.31 respectively. Also Read - Diesel Prices Fall Across Metros Amid Decline in Crude Prices

Notably, the fresh rise in fuel prices comes amidst the revision of global crude oil prices owing to a possible stifling of supply in the near future. Also Read - Diesel Price Slashed For First Time in 6 Months, Petrol Price Remains Unchanged | Check Revised Rates Here

On Saturday petrol price saw a marginal increase of 17 paise and was sold at Rs 70.72 per litre in the national capital.  In Mumbai as well, it was hiked by 17 paise and was retailed at 76.35 per litre. Also Read - Petrol Prices Hiked 6 Times in a Week

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.

Last year on October 4, the petrol price had touched a record high of Rs 84 per litre in Delhi and Rs 91.34 in Mumbai. Diesel on that day had peaked to Rs 75.45 a litre in Delhi and Rs 80.10 in Mumbai.