Congress counters 'oil bonds burden' argument on fuel prices
The Hindu
Finance Minister said that the interest on oil bonds paid in the last seven years totalled ₹70,195.72 crores
The Congress party on August 16 accused Finance Minister Nirmala Sitharaman of falsely citing the oil bonds issued by the previous United Progressive Alliance (UPA) government as the reason for not reducing fuel prices. The Finance Minister ruled out a cut in the excise duty on petrol and diesel for now, saying that the government has to pay for the oil bonds issued by the UPA in the past. Congress chief spokesperson Randeep Surjewala said oil bonds of ₹1.3 lakh crores are not even due for payment so far and that the government has collected much more revenue in seven years. "Don't lie. Oil Bonds of Rs 1.3 lakh crore are not even due for payment so far," he said on Twitter.
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