New Delhi, Aug. 3 -- Petrol and diesel prices today, 3 August: Retail fuel rates changed marginally across Indian cities on Monday but continue to align with the last major price adjustment that came about over two months, on 25 May. Hence, domestic fuel rates have been steady despite fluctuation in Brent price. The global benchmark traded lower on 3 August in early Asia trade, after futures surged almost a quarter in July.

Oil plunged amid positive outlook over US-Iran deal after US President Donald Trump announced that fresh talks will resume with the Islamic Republic on Monday. Trump said he'd agreed to cancel the planned attack on Iran after allies in the West Asia, including Saudi Arabia, persuaded him to pursue a deal.

As optimist...