The Government calls it a small correction but is an increase of 50 paise a litre per month or six rupees a year small by any standards? The annoucment coming in the pre-election year has sparked a massive debate. The opposition is calling the move suicidal but the government may just have killed two birds with one stone, first by managing to deregulate diesel and second by distancing itself from backlash following a diesel price hike.

In a debate moderated by TIMES NOW's Editor-in-Chief Arnab Goswami, panelists -- Suhel Seth, Managing Partner Counselage; Dr. Pulapre Balakrishnan, Economist; Abhay Aima, Market Analyst; Dr. Bejon Misra, Consumer Expert; Prasenjit Bose, Economist and Prakash Javdekar, MP Rajya Sabha & Natl Spokesperson BJP -- discuss whether middle class be made to pay in a pre election year.