Fact Check

Finance Minister Says UPA Issued Oil Bonds Behind Fuel Price Hike. Is It True?

The BJP led central government has been facing criticism for the rising fuel prices. In its defence, on 16 August, Finance Minister (FM) Nirmala Sitharamanstated that she is incapable of reducing excise duty on fuel because their government has to pay for the oil bonds issued by UPA in the past.The...