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Sunday 5 July 2020

Repaid over Rs 2 lakh cr on account of oil bonds taken by Cong govt: Pradhan

Pradhan's assertions came as strong retort to the Congress which has been using recent fuel prices hike to attack the Narendra Modi government

Patna: The NDA government has repaid over Rs 2 lakh crore, including Rs 70,000 crore interest, which was taken as a loan through oil bonds by the previous Congress government at the Centre, Union Petroleum & Natural Gas Minister Dharmendra Pradhan said today.

 

Pradhan’s assertions came as a strong rebuttal to the Congress which has been using recent fuel prices hike to attack the Narendra Modi government and has been demanding to reduce excise tax.

The Congress has been claiming that they were also in the government but fuel prices were not so high in 2012, 2013, 2014.

Stating that he was going to reveal the reason why the country is facing such a situation, Pradhan said the “Congress party (government) purchased oil bonds of Rs 1.44 lakh crore that we (NDA govt) inherited. Not only this, we also paid Rs 70,000 crore on interest part alone. In total, we (govt) discharged our responsibility by repaying over Rs 2 lakh crore.”

“They (Congress govt) took loans through oil bonds as they knew that they would not return to power due to the kind of loot (scams) the government was involved in,” Pradhan alleged.

“A father who leaves behind property for his next generations is seen with respect in the society but what one would say about the father who takes loans and turns bankrupt and leaves baggage for his generations to come,” Pradhan said in a veiled attack on the previous government.

The Organisation of Petroleum Exporting Countries (OPEC) has agreed to raise production by one million barrels per day at India’s request, said Pradhan.

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