Rs1.5 Lakh Crore UPA-Era Oil Bonds Need To Be Repaid: Hardeep Puri

Amid fuel prices continuing to remain stubbornly high despite international rates falling, Petroleum Minister Hardeep Singh Puri on Thursday said over Rs 1.5 lakh crore of oil bonds issued by the previous UPA government remains to be paid, limiting fiscal space and restricting financial freedom of oil firms. A day after Congress leader Rahul Gandhi launched a scathing attack on the government for raising cooking gas prices, Mr Puri took to Twitter to blame the “rampant impunity and policy paralysis” of the UPA government. “In “India’s Lost Decade” known for rampant impunity & policy paralysis, UPA Govt saddled future govts with Oil Bonds. More than Rs 1.5 lakh cr of these remain to be repaid, thus tying up crucial resources, limiting fiscal space & restricting financial freedom of OMCs,” he tweeted.