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| PARLIAMENT
QUESTIONS AND ANSWERS ON PETROLEUM SECTOR |

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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
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SHRI KARUNAKARA G.
REDDY
HITEN BARMAN
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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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