The petrol price rise happening all across India has made the petrol and diesel prices record high for the average consumer. The price is touching ₹107 to ₹110 per liter in some cities. The Modi Govt has come up with a new justification for all this – Oil Bonds repayment from Congress times. So what are oil bonds? And how much are they responsible for the rise in petrol and diesel and fuel prices? I explain in this video.
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Link to the previous video on Crude Oil prices: https://youtu.be/CWQUe1EUHio
Source for Govt details on Oil Bonds: https://www.indiabudget.gov.in/doc/rec/annex10e.pdf
Source for Excise Duty info: http://164.100.24.220/loksabhaquestions/annex/175/AU4309.pdf
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