New Delhi, Aug 18 (TIWN) A day after Finance Minister Nirmala Sitharaman said that there will be no cut in excise duty on fuel as the previous UPA government had reduced fuel prices by issuing Oil Bonds of Rs 1.44 lakh crore, the Congress has hit back by saying that the government since 2014-15 has spent Rs 73,440 crore on servicing oil bonds and collected Rs 22.34 lakh crore through taxes on petroleum products.

Congress general secretary Ajay Maken, while holding a press briefing, charged that the consistent increase in the prices of LPG, CNG, PNG, petrol and diesel exemplifies the Modi government’s arrogance.
He demanded that petrol and diesel should be brought under the GST and said the Congress urged the Modi government to immediately roll back the excise duty hiked on the two petroleum products in the last seven years.
Maken also alleged that the official figures of the Modi government exposes the BJP’s oil bond falsehood.