Rs 392 cr addl royalty burden on ONGC, Rs 1,100cr on Oil India

Rs 392 cr addl royalty burden on ONGC, Rs 1,100cr on Oil India

New Delhi: State-owned Oil and Natural Gas Corp (ONGC) will have to shell out Rs 392 crore and Oil India Ltd over Rs 1,100 crore after the government ordered them to pay royalty at gross crude oil price and not the net rate they actually realise. Read More…

Image credit: indianexpress.com

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