Petrol and diesel prices were increased on Friday after oil marketing companies (OMCs) kept the rates unchanged for two days. While petrol rates were hiked in between 17-19 paise per litre, diesel prices were advanced by up to 30 paise per litre.

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Accordingly, the price of petrol and diesel stood at Rs 93.04 and Rs 83.80 per litre respectively in Delhi, according to Indian Oil Corporation, the country's largest fuel retailer. In Mumbai, the petrol price increased to Rs 99.32 per litre on Friday. The cost of diesel was raised to Rs 91.01 a litre.

The prices of petrol and diesel are reviewed by oil marketing companies such as state-run Indian Oil on a daily basis and any revision is implemented from 6 am in the morning. The fuel prices vary from state to state in the country due to the value-added tax or VAT.

On the global front, oil prices edged up on Friday, taking a breather after three days of losses as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made progress on talks to revive a 2015 nuclear deal, according to news agency Reuters.

Brent crude futures LCOc1 for July rose 10 cents, or 0.2 percent, to $65.21 a barrel by 0032 GMT while US West Texas Intermediate CLc1 for July was at $62.16 a barrel, up 22 cents, or 0.4 percent, Reuters said.