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Royalty Paid by Oil Companies on Production of Crude Oil was Rs. 895795 lakh during 2010-11. It has increased by 77.73% to Rs. 1592138 lakh during 2011-12 over 2010-11. We have observed annual growth of 29.79% in Royalty Paid by Oil Companies on Production of Crude Oil to Rs. 1806079.52 lakh during 2016-17 versus Rs. 1391524.824 lakh during 2015-16.
Royalty Paid by Oil Companies on Production of Natural Gas was Rs. 235523 lakh during 2010-11. It has increased by 14.58% to Rs. 329407 lakh during 2011-12 over 2010-11. Annual de-growth of -20.13% has been seen in Royalty Paid by Oil Companies on Production of Natural Gas from Rs. 285788 lakh during 2015-16 to Rs. 206053.26 lakh during 2016-17.
Maximum Royalty Paid by Oil Companies on Production of Crude Oil of Rs. 2011290 lakh has been seen in 2013-14 during the period under consideration. Minimum Royalty Paid by Oil Companies on Production of Crude Oil of Rs. 895795 lakh has been seen in 2010-11 during the period under consideration. Maximum annual growth of 77.73% has been observed in Royalty Paid by Oil Companies on Production of Crude Oil in 2011-12 during the period under consideration.
Maximum Royalty Paid by Oil Companies on Production of Natural Gas of Rs. 388024 lakh has been seen in 2012-13 during the period under consideration. Minimum Royalty Paid by Oil Companies on Production of Natural Gas of Rs. 206053.26 lakh has been seen in 2016-17 during the period under consideration. Maximum annual growth of 24.58% has been observed in Royalty Paid by Oil Companies on Production of Natural Gas in 2015-16 during the period under consideration.
Note: The figure are (in Rs. Lakh); All figures including Oil Development Cess are on accrual basis; P: Provisional; Source: Oil & Natural Gas Corp. Ltd., Oil India Ltd. and Directorate General of Hydrocarbons.
Resource Title: Royalty and Oil Development Cess Paid by Oil Companies on Production of Crude Oil and Natural Gas from 2010-11 to 2016-17