Question Hour: Petrol, diesel prices hike for second time in two days after Karnataka polls

Prices rose for a second day in a row after Indian Oil Corp (IOC) resumed the dynamic pricing system on Monday after a 19-day halt. This rise in prices of transport fuels comes amid continuous gains in crude oil prices globally. The brent crude oil is currently priced around $78 per barrel. In the other metropolitan cities of Kolkata, Mumbai and Chennai also, petrol prices were at fresh multi-year high levels of Rs 77.65, Rs 82.79 and Rs 77.77 a litre respectively