upstream companies would not affect the royalty payable to the state governments. upstream companies would not affect the royalty payable to the state governments. Accordingly, upstream companies paid the royalty on pre-discount price during 2003-04 to 2007-08. Consequently, in terms of aforesaid directives, both companies--OIL and ONGC--started making payment of royalty to the state governments at actual (post discount) sale price from April 1, 2008. "With this agreement between the central and the state governments, all sides will withdraw the court cases," the chief minister said.

Source: dna February 21, 2017 10:45 UTC