Are the UPA-era oil bonds the reason for high fuel prices
Are the UPA-era oil bonds the reason for high fuel prices?* Before the BJP came to power in 2014, the party leaders and activists used to routinely criticize the UPA &Congress for any increase in prices of Fuel, Gas or other essential commodities. In fact, *Mehengayi ki maar se janata laachar - abki baar Modi Sarkar* was BJPs then election plank. Now 8 years down the line, though there is a BJP Govt at the Centre, prices of Gas have doubled, essential commodities keep rising and falling as before and fuel prices keep on going higher and higher... It is now time for the opposition to attack the BJP and the party is finding it increasingly difficult to answer. Finance Minister Nirmala Sitharaman, last year on August 16, said that interest and principal repayment on oil bonds issued by the previous Congress led UPA govt. is why it is unlikely that excise duties on fuel can be cut and prices on fuel be brought down. What she said has come out to be true. Seven months down the line, in