Petrol and Diesel Prices Today — Aug 28: Fuel prices in Delhi, Mumbai and Bengaluru, crude heading for weekly losses | Today’s news
Gasoline and diesel prices today, August 28: Petrol and diesel prices remained steady in major Indian cities on Friday, August 28. Fuel prices in India were largely unchanged as state-run fuel retailers continued to shield domestic consumers from global price swings and fuel rate fluctuations.
Oil marketing companies (OMCs) last made a major price revision on May 25. Since India uses a dynamic fuel pricing method, fuel prices in major Indian cities have seen marginal changes as they are revised daily at 6:00 AM. Petrol is expensive in New Delhi ₹102.12 per liter and the cost of diesel ₹95.20 per litre. Check the current petrol and diesel prices in your city on August 28.
Brent crude oil price today
Oil prices are headed for a weekly loss, ending a two-week winning streak, as global benchmark Brent crude futures fell 0.3% and fell 25 cents to trade around $89.45 a barrel by 00:35 GMT, Reuters reported. Meanwhile, West Texas Intermediate crude futures were also down 0.3%, down 22 cents, to trade around $83.31. Both benchmarks are poised to end their winning streak and end the week lower as Brent fell 5.3% and WTI fell 4.3%.
US-Iran War News Update
As mediators push to revive stalled US-Iranian diplomacy six months after the war, Washington on Thursday showed no interest in reviving the June memorandum of understanding. White House press secretary Karoline Leavitt complicated diplomatic efforts to resume talks, saying US President Donald Trump “continues to leave all options on the table” when it comes to Iran.
In the midst of America’s economic campaign to pressure Tehran, Leavitt said in an interview with Fox News, “We had Operation Epic Fury to destroy their military. Now we have Operation Economic Outcast to destroy their economy.” She added: “There are no negotiations going on at this point and that will continue until the president feels that maybe they will come to the table in a meaningful way.” In order for the US to aggressively push for economic sanctions, it must take action against Iran’s trading partners, including China and India.
Earlier in the day, Qatar’s prime minister visited Tehran to reopen the Strait of Hormuz, a strategic waterway between Iran and Oman through which about 20% of global energy supplies passed before the war. Although major combat operations were halted for weeks, little progress was made toward a broader peace agreement.
While Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani urged a return to diplomacy during talks with Iran’s chief negotiator Mohammad Baqer Qalibaf, Iranian Foreign Minister Abbas Araqchi urged regional neighbors to prevent the US from using their territory to launch military or economic attacks on Iran.
Congress accuses Center of ₹36,000 crore sugar scam in the middle of the E20 range
Congress General Secretary Randeep Surjewala accused the Center of abetting a ₹36,000 crore sugar scam amid rise in commodity prices from ₹40 to ₹75 per kg from ₹40 to ₹75 per kg, PTI reported.
Hinting that this scam is benefiting hoarders and black market traders, he said, “As people celebrate Dussehra and Diwali, they will face the brunt of rising sugar prices this year and spend more from their pockets. 12 million tonnes of sugar will ₹36,000 crore, which will directly benefit hoarders and black market entrepreneurs. What could be a greater example of collusion with those in power?
He also blamed the Modi government for using 32 percent of the sugarcane stock in the production of E20 fuel between November 2025 and July 2026, claiming that this led to a reduction in the stock of sugar available in the market for the public.
