15 Mar 2026 | 3 Mins Read
India clears ₹3.23 lakh crore oil bond debt, may lower fuel prices
Flipitmoney
The Indian government has cleared a ₹3.23 lakh crore (approximately $40 billion) oil bond debt, borrowed two decades ago to keep petrol and diesel prices low. The debt is now paid off, but it remains unclear whether reduced prices will directly benefit consumers, allowing them to pay less for fuel at the pump.