Finance Minister Nirmala Sitharaman said the government is unable to reduce petrol and diesel prices as it's burdened by interest payments of oil bonds that the UPA government issued to companies. "The government has paid over Rs70,195.72 crore in interest in the last 5 years," Sitharaman said. "We'll still have to pay interest of Rs37,000 crore by 2026," she added.
Finance Minister Nirmala Sitharaman said the government is unable to reduce petrol and diesel prices as it's burdened by interest payments of oil bonds that the UPA government issued to companies. "The government has paid over Rs70,195.72 crore in interest in the last 5 years," Sitharaman said. "We'll still have to pay interest of Rs37,000 crore by 2026," she added.
