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Gogoi writes to Modi on payment of oil royalty

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Press Trust of India Guwahati
Last Updated : Jun 30 2014 | 10:04 PM IST
Assam Chief Minister Tarun Gogoi today requested Prime Minister Narendra Modi to ensure payment of oil royalty at prevailing market prices as the state has incurred a loss of nearly Rs 10,000 crore since 2008.
Gogoi, in an statement, said the state has been incurring revenue losses due to disbursement of oil royalty at highly discounted price to Central government PSUs.
Raising the issue of underpayment of royalty in a letter to Modi, Gogoi said: "a special category and resource- constrained state like Assam cannot afford such a huge loss of revenue.
"Oil producing states like Assam should not be denied the benefits of its natural resources and made to compensate for the under-recoveries of the Central oil marketing PSUs," he said.

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First Published: Jun 30 2014 | 10:04 PM IST

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