In the current financial year, the government is expected to pay close to eight lak rows in settling interest payments alone. The government made three point four five black crowers from excise duty on petrol and deasel during the last financial year. That's roughly 34 times the interest the go ment paid on oil bonds during the same period. And while it is true that these oil bonds aren't pleasant to deal with, there's a whole host of other reasons why the government cannot cut taxes right now. G s t collections have been sub par. Cowid has forced the government to borrow beyond its means.