Deora at odds with oil cop over royalty - Calcutta Telegraph

New Delhi, Feb. 23: Reliance Industries need not club marketing margin to the Krishna-Godavari gas price to calculate the government’s share of royalty, the government said today.

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The oil regulator wants the margin of $0.135 per million British thermal unit (mBtu) that Reliance charges for covering risks to be added to the government’s royalty. “The production sharing contract (under which firms such as Reliance produce oil and gas from areas assigned by the government) does not envisage the sharing of revenue earned by the contractor (RIL) on the marketing margin between the government and the contractor,” petroleum minister Murli Deora informed the Rajya Sabha in a written reply.

Full Story: Deora at odds with oil cop over royalty - Calcutta Telegraph