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 PARLIAMENT QUESTIONS AND ANSWERS ON PETROLEUM SECTOR 


GOVERNMENT OF INDIA
MINISTRY OF
PETROLEUM AND NATURAL GAS

LOK SABHA
STARRED QUESTION NO 76
TO BE ANSWERED ON 27.07.2006

CESS ON PETROLEUM PRODUCTS

SHRI KARUNAKARA G. REDDY 
HITEN BARMAN


Will the Minister of PETROLEUM AND NATURAL GAS be pleased to state:-


(a) whether cess is being recovered from crude oil producing companies under the Oil Industry Development Act, 1974;

(b) if so, the total amount collected by the Government through cess levied on petroleum products up to March, 2006; and

(c) the amounts of loans/grants released by the Oil Industry Development Board to public sector oil companies and other organizations for development purposes during each of the last three years?


ANSWER


MINISTER OF PETROLEUM & NATURAL GAS ( MURLI DEORA )

(a): Yes, Sir.

(b): An amount of about Rs.60830 crore has been collected by the Central Government through cess levied on crude oil up to March, 2006.

(c): The amounts of loans/grants released by the Oil Industry Development Board to public sector oil companies and other organizations during each of the last three years are as under:
			(Rs. in Crore)
Year		Loans		Grants
2003-04		520.00		77.21
2004-05		2211.83		75.18
2005-06		760.00		89.51

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