New Delhi, Aug. 8 -- Petrol and diesel prices today, 8 August: Retail petrol and diesel prices across major Indian cities held steady today even as Brent notched a third straight weekly loss to settle above $83 a barrel. Fuel rates set by state-run Oil Marketing Companies (OMCs) continue to align with the last major price revision that came about over two months ago, on 25 May. Consumers continue to be shielded from market fluctuations and remain insulated from volatility in oil prices.

Brent crude, the global benchmark, has been highly sensitive to developments around the terms and timing of a potential pact between US and Iran on the Strait of Hormuz waterway that could restore millions of barrels of West Asian energy supply. Crude oil...