Ten percent. of the value of the natural gas obtained at well-head.
[Note 1. -(1) The well head price of crude oil and casing head condensate for nominated blocks of Oil and Natural Gas Corporation Limited or Oil India Limited shall be determined by deducting rupees one thousand two hundred and fifty-one only per metric tonne and rupees nine hundred forty-seven only per metric tonne for onshore and offshore respectively, from the sale price of crude oil or casing head condensate.
(2)
The amounts specified in clause (1) shall be the post-well head cost which shall be valid for a period of three years with effect from 1st April, 2007 or such period till the revised rates are notified.
(3)
Oil Industry Development Cess and Education Cess thereon shall not form part of post well head cost.
(4)
Royalty will be calculated on cum-royalty basis as under :
Royalty amount =
Well head price x royalty rate(100 + royalty rate)]
Note 2. - Since consultations with the concerned State Governments took some time, it has become necessary to revise the rate of royalty with retrospective effect. The oil producing States stand to benefit and other States are not likely to be adversely affected. [Substituted by G.S.R. 559(E), dated 20-8-2007.]
[Note 3. - The post well head cost for the purpose of calculating well head price of crude oil or casing head condensate for cases other than nominated blocks of oil and Natural Gas Corporation Limited or Oil India Limited and for natural gas in all cases other than Administered Price Mechanism gas of Oil and Natural Gas Corporation Limited or Oil India Limited shall be determined as under :
(1)
Per unit rate of post well head cost, that is, per metric tonne or barrel for crude oil or casing head condensate and per Million Metric British Thermal Unit for natural gas shall be determined based on actual post well head expenditure reported in previous year's audited accounts.
(2)
In case of production from a new field under the Production Sharing Contract, the post well head cost for the first year may be provisionally estimated by the lessee and duly certified by the Directorate General of Hydrocarbons and final adjustments shall be made within one hundred twenty days from the end of the first year, based on the audited accounts of the first year.
(3)
Oil Industry Development Cess and Education Cess, Depreciation expense, Income Tax, surcharge thereon and profit petroleum shall not be allowed as expenditure under post well head cost.
(4)
Full records shall be maintained and got audited by lessess or procedures to assess the actual post well head cost incurred in previous year.
(5)
[ Royalty shall be computed on ex-royalty basis: Provided that for crude oil produced from production sharing contracts signed with private or joint-venture contractors prior to New Exploration Licensing Policy, royalty shall be computed on cum-royalty basis.]]
STATEMENT OF MONTHLY AVERAGE RATES OF ROYALTY PAYABLE PER METRIC TONNE ON CRUDE OIL AND CASING HEAD CONDENSATE AS MENTIONED AT 1(1) B(i) AND 2(1) B(i) ABOVE
Details of Monthly Royalty Rates
Month
Royalty rates
Month
Royalty rates
Rs./MT
Rs./MT
Apr-98
411.31
Apr-00
1055.88
May-98
409.46
May-00
1037.69
Jun-98
414.09
Jun-00
915.75
Jul-98
431.35
Jul-00
1100.28
Aug-98
415.32
Aug-00
1165.03
Sep-98
450.01
Sep-00
1126.65
Oct-98
431.35
Oct-00
1180.45
Nov-98
483.15
Nov-00
1331.69
Dec-98
462.8
Dec-00
1279.89
Jan-99
406.53
Jan-01
1298.23
Feb-99
368.45
Feb-01
973.71
Mar-99
398.67
Mar-01
1009.02
Apr-99
374.77
Apr-01
1104.29
May-99
511.06
May-01
1040.29
Jun-99
569.64
Jun-01
1091.19
01 Jul to 14 Jul-99
569.64
Jul-01
1165.5
15 Jul to 31 Jul-99
580.74
Aug-01
1171.05
Aug-99
602.17
Sep-01
1066.21
Sep-99
706.54
Oct-01
1113.39
Oct-99
769.29
Nov-01
1106.76
Nov-99
858.7
Dec-01
904.03
Dec-99
846.99
Jan-02
808.29
Jan-00
942.11
Feb-02
815.23
Feb-00
958.91
Mar-02
851.77]
Mar-00
965.39
[Inserted by G.S.R. 559(E), dated 20-8-2007]