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PM to address nation to explain fuel price hike

The Prime Minister Manmohan Singh will address the nation to explain the rationale behind hiking petrol and diesel prices.
PTI | By HT Correspondent, New Delhi
UPDATED ON JUN 04, 2008 01:43 PM IST

Prime Minister Manmohan Singh will address the nation on Wednesday night to explain the rationale behind hiking petrol and diesel prices by Rs 5 and Rs 3 a litre, respectively, in addition to an increase of Rs 50 per cylinder of cooking gas.

The address would be telecast at 2030 hrs and follows a slew of measures decided by the Union Cabinet to tackle the crisis created by surging global oil prices that had peaked to over $ 135 a barrel.

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