Assam to receive pre-discounted crude royalty

GUWAHATI: Assam will get crude oil royalty at pre-discounted price similar to Gujarat with effect from February 1, 2014.

According to statement issued by Assam government, “In an order issued by the Ministry of Petroleum and Natural Gas, Government of India on Friday the matter of onshore royalty at pre-discounted prices was examined and based on the interim decision of the Supreme Court dated 13th February, 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 1st February 2014.”

Congress had made under payment of oil royalty as election issue in recent assembly polls.