Tag «OMC»

Explained | What are oil bonds and are they to blame for high fuel prices?

Oil Up, Fuel Demand Outlook Clears Over Full Vaccine Approval

By Administrator_India Capital Sands The oil bonds issued by the UPA government to insulate consumers from crude price shocks have snowballed into a political rallying point. The Modi-led NDA government has blamed these oil bonds that are hitting payback time now for the Centre’s inability to cut taxes and enable cheaper petrol and diesel. Here’s …