New Delhi, July 21 -- Petrol and diesel prices today, 21 July: Retail fuel rates in India held steady on Tuesday despite softening of benchmark Brent crude price. Markets weighed reports of mediation efforts between the United States and Iran against a fresh exchange of strikes over threats of a naval blockade of Saudi Arabia by Yemen's Iran-aligned Houthis. Oil steadied after a two-day gain amid diplomatic push to revive the lasting peace deal signed on 17 June.

Despite global fluctuation in oil prices over the last week, Indian consumers remain insulated from the impact as state-run Oil Marketing Companies (OMCs) determine retail fuel rates. Petrol and diesel prices in India continue to align with the last major price revision that cam...