Finance Minister Nirmala Sitharaman said on August 16 that the Narendra Modi government is paying for reduction in prices of petroleum products during the time of Manmohan Singh government, due to the interest and principles having to be repaid on oil bonds from that period.
Sitharaman said that as of 31 March, 2021, there were Rs 1.31 lakh crore in outstanding principles and Rs 37,340 crore in interest yet to be repaid on these oil bonds.
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