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Assam to get crude oil royalty at pre-discounted price

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  17 July 2016 12:00 AM GMT

New Delhi, July 16: Assam will get crude oil royalty at pre-discounted price similar to Gujarat with effect from February 1, 2014. In an order issued by the Ministry of Petroleum and tural Gas yesterday, the matter of onshore royalty at pre-discounted prices was examined and based on the interim decision of the Supreme Court dated February 13, 2014, it was decided that ONGC Limited and Oil India Limited would pay royalty to all similarly placed crude oil producing States, including Assam, at pre-discounted prices with effect from February 1, 2014.

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