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.

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.

HT Image

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.