Petrol and diesel prices have been hiked again across India, with some reports indicating this is the third or fourth increase in a short period, possibly due to a surge in crude prices. The hikes have resulted in petrol prices exceeding 100 rupees per liter in Delhi, with diesel prices also rising. However, there are conflicting reports, with some outlets suggesting that global oil rates may be cooling down, which could potentially lead to a decrease in fuel prices.