Price hike modest, says Manmohan
Prime Minister Manmohan Singh, in an address to the nation on Wednesday, explained the circumstances under which the government effected the revision in the fuel prices. "I know that the price increases we have had to announce today will not be popular, though they are only modest,' he said while noting that the Centre was taking a revenue hit of Rs.22,660 crore during the 10 months of the current fiscal.