📷 Image: Wikimedia Commons / Robert W Watt
Business
Petrol, Diesel Prices Hold Steady as Brent Crude Hovers Near $115 on Oct 28
✍️ HDFC Sky
🗓 28 Oct 2026, 01:32 PM
👁 12
India’s retail petrol and diesel rates remained unchanged on Oct 28, while global Brent crude hovered around $115 a barrel, according to HDFC Sky.
The HDFC Sky market bulletin reported that retail prices for petrol and diesel across India did not change on 28 October. The unchanged rates reflect the continuation of the price freeze that was announced after a period of volatility driven by global oil market swings.
On the same day, Brent crude oil, the international benchmark, was trading close to $115 per barrel. The price level marks a modest retreat from the peaks seen earlier in the year, suggesting that supply‑demand dynamics have steadied.
Analysts note that the stability in domestic fuel prices is largely due to the absence of new tax adjustments or subsidy changes, while the near‑$115 Brent price indicates a balanced global market, with no immediate pressure for further price hikes in India.
On the same day, Brent crude oil, the international benchmark, was trading close to $115 per barrel. The price level marks a modest retreat from the peaks seen earlier in the year, suggesting that supply‑demand dynamics have steadied.
Analysts note that the stability in domestic fuel prices is largely due to the absence of new tax adjustments or subsidy changes, while the near‑$115 Brent price indicates a balanced global market, with no immediate pressure for further price hikes in India.