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.

Link to the previous video on Crude Oil prices:    • Why is Petrol Price at 100 Rupees? | ...  

Source for Govt details on Oil Bonds: https://www.indiabudget.gov.in/doc/re...

Source for Excise Duty info: http://164.100.24.220/loksabhaquestions/annex/175/AU4309.pdf

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