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Oil Development Cess paid by Oil Companies on Production of Crude Oil & Natural Gas was Rs. 1578081 lakh in the year 2012-13. It has increased by 60 basis points to Rs. 1587526 lakh during 2013-14 over 2012-13. We have observed annual decline of -2.97% in Oil Development Cess paid by Oil Companies on Production of Crude Oil & Natural Gas during 2015-16 above 2014-15.
Annual de-growth of -15.1% has been seen in Oil Development Cess paid by Oil Companies on Production of Crude Oil & Natural Gas during 2016-17 above 2015-16 from Rs. 1540260 lakh. Oil Development Cess paid by Oil Companies on Production of Crude Oil & Natural Gas was Rs. 1452742 lakh during 2017-18, up by 11.1% versus Rs. 1307617 lakh during 2016-17.
Maximum amount of Rs. 1587526 lakh found in 2013-14 in Oil Development Cess paid by Oil Companies on Production of Crude Oil & Natural Gas during the period under consideration. Minimum amount of Rs. 1307617 lakh seen in 2016-17 in Oil Development Cess paid by Oil Companies on Production of Crude Oil & Natural Gas during the period under consideration.
Note: Data figures are in Rs. Lakh; P: Provisional; All figures including Oil Development Cess are on accrual basis; Total may not tally due to rounding off; In FY 2015-16 included deposit of Rs. 62.26 crore towards differential Royalty to the State of Gujarat as per order of Hon’ble Supreme Court of India; Excludes National Calamity Contingent Fund (NCCD) and Education cess; Includes data royalty from CAIRN & RIL and excludes other Pvt. Oil companies; Source: Oil & Natural Gas Corp. Ltd., Oil India Ltd. , Reliance Industries Ltd. and Cairn Oil & Gas.
Resource Title: Royalty and Oil Development Cess Paid by Oil Companies on Production of Crude Oil and Natural Gas from 2012-13 to 2017-18