Skip to contentSkip to navigation

Gogoi seeks new oil royalty mechanism

  Chief minister Tarun Gogoi wrote to Prime Minister Narendra Modi’s seeking his intervention to direct the oil PSUs to change the royalty payment mechanism.

Sources told Assam Times that the chief minister urged Modi to ask the petroleum ministry to give appropriate instructions to ONGC and OIL to pay royalty, VAT and other state taxes to Assam.

He further demanded royalty at pre-discounted price of crude oil with effect from February 1 2014 as ordered by Supreme Court in case of Gujarat.

Gogoi has pointed out that ONGC and OIL are liable to pay royalty on crude oil at 20% of the well-head price, in addition to VAT at 5% and other state taxes.

Author info

AT News's picture

Assam Times Staff
Tags: 

Add new comment

Republish

Republish this content

Random Stories

Kati Bihu celebrated

19 Oct 2019 - 7:12am | AT Kokrajhar Bureau
KOKRAJHAR: Along with rest of the state, the Kati Bihu (Kati Bwisagu) was celebrated in Kokrajhar on Friday with traditional phenomenon at the paddy fields in the district.

Govt in Catch-22 over secret killing report

14 Nov 2007 - 3:28pm | editor
Stunned by the High Court directives on the secret killing reports, Dispur is holding talks with legal experts to tide over the Catch-22 situation and to ensure a hassle-free proceeding for Thursday...

Dharna in front of SEBA office

24 Mar 2014 - 11:37am | AT News
Hundreds of students staged dharna in front of the state secondary education board office in Guwahati opposing the move to dilute six subjects from the syllabus.Led by Assam Sanskrit Students Union,...