There has been no reshuffle in fuel prices on Friday for the eighth consecutive day. Accordingly, the price of petrol and diesel stood at Rs 90.40 and Rs 80.73 per litre respectively, according to Indian Oil Corporation, the country's largest fuel retailer.

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In Mumbai, the petrol price remained unchanged at Rs 96.83 per litre on Friday. The cost of diesel also was the same at Rs 87.81 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 rose on Friday on hopes of a fuel demand recovery in the United States and Europe as economic growth picks up and lockdowns ease, but worries about India’s raging second wave of COVID-19 cases kept a lid on gains, according to news agency Reuters.

Brent crude futures rose 21 cents, or 0.3 percent, to $65.61 a barrel at 0137 GMT, after climbing 8 cents on Thursday. US West Texas Intermediate (WTI) crude futures jumped 29 cents, or 0.5 percent, to $61.72 a barrel, also after an 8 cent gain on Thursday, the report said.