Brent Falls, Indian Fuel Prices Stay Steady Amid US‑Iran Deal Optimism

On August 3, the price of oil in the world fell because people were hopeful that the U.S. and Iran might make a peace deal.

In India, the government set the price of petrol and diesel so that people didn’t have to pay more even though oil prices were changing.

The biggest cities like Delhi and Mumbai saw only tiny changes in fuel prices.

The U.S. President, Donald Trump, said the U.S. had decided not to attack Iran and was looking for a deal to open the Strait of Hormuz.

Because of less rain in India, farmers and drivers needed more fuel, so sales went up in July.