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Fuel prices steady after six days of gains, petrol at Rs 80.87/ litre

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Fuel prices were little changed in three of the four major cities on Wednesday after rising for six consecutive days.

Fuel prices steady after six days of gains, petrol at Rs 80.87/ litre
Fuel prices were little changed in three of the four major cities on Wednesday after rising for six consecutive days.
Petrol and diesel prices in the Delhi National Capital Region were at Rs 80.87 per litre and Rs 72.97 per litre, respectively.
Petrol prices in Mumbai and Chennai were at Rs 88.26 a litre and Rs 84.05 a litre respectively, while diesel prices in the two cities stood at Rs 77.47 a litre and Rs 77.13 per litre.
West Bengal government on Tuesday reduced the prices of petrol and diesel by one rupee per litre, a day after the opposition sponsored ‘Bharat Bandh.’
The decision was announced by chief minister Mamata Bannerjee and the revised petrol and diesel prices were implemented from Wednesday, with petrol prices at Rs 82.74 a litre and diesel prices at Rs 74.82 per litre.
Prices have been on the rise since mid-August due to various factors including rupee depreciation, high excise duty and rise in crude oil rates. Brent crude futures climbed 24 cents, or 0.3 percent, to $79.30 a barrel.
On the currency front, rupee neared a record trough of 72.69 per dollar in the spot market on Tuesday.
A public interest litigation (PIL) seeking the sale of petrol and diesel at reasonable prices instead of letting oil companies increase the rates exorbitantly was filed in the Delhi High Court on Tuesday.
The petitioner has sought a directive to the Central government to fix the "fair price" of petrol and diesel in accordance with the Essential Commodities Act, adding that the law prima facie shows and indicates that it is the obligation of the government to deal with the price hike problem.

Market Movers

CompanyPriceChng%Chng
Tata Motors295.55 -7.00 -2.31
Grasim1,549.50 -32.55 -2.06
Larsen1,611.75 -30.40 -1.85
Adani Ports680.05 -11.75 -1.70
Tech Mahindra1,131.00 -17.60 -1.53
CompanyPriceChng%Chng
Larsen1,612.00 -29.55 -1.80
HUL2,359.25 -19.40 -0.82
Reliance2,105.20 -15.80 -0.74
Asian Paints3,083.20 -21.25 -0.68
NTPC118.50 -0.80 -0.67
CompanyPriceChng%Chng
Tata Motors295.55 -7.00 -2.31
Grasim1,549.50 -32.55 -2.06
Larsen1,611.75 -30.40 -1.85
Adani Ports680.05 -11.75 -1.70
Tech Mahindra1,131.00 -17.60 -1.53
CompanyPriceChng%Chng
Larsen1,612.00 -29.55 -1.80
HUL2,359.25 -19.40 -0.82
Reliance2,105.20 -15.80 -0.74
Asian Paints3,083.20 -21.25 -0.68
NTPC118.50 -0.80 -0.67

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.4000-0.0600-0.08
Euro-Rupee87.5450-0.0830-0.09
Pound-Rupee102.3880-0.0780-0.08
Rupee-100 Yen0.6730-0.0030-0.44