Fact Check: How much did the Modi Government pay for the UPA era oil bonds?

2021-11-10 18

Many BJP leaders including the petroleum minister were quoted as saying that the current government repaid more than Rs 1.5 lakh crore worth oil bonds which were issued during the previous UPA government. The BJP’s official twitter handle put out an infographic which claimed that the current government repaid pending oil bonds worth Rs 1.3 crore with an interest of Rs 40,000 crore.

So how much did the current government pay for the oil bonds issued during the UPA? Is this is the only government that has paid interest on oil bonds? Were oil Bonds issued only during the UPA? Here is a Fact Check.


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