Question : ROYALTY ON PRODUCTION OF OIL AND GAS

(a) the revenue collected as royalty on production of Oil and Gas from exploration and production companies during each of the last three years;

(b) the projected production, supply and demand of natural gas during 2007-2015;

(c) whether the Government proposes to formulate a new policy to protect its revenue collection, allow exploration and production companies to sell natural gas at any price to the consumers and avoid any loss of revenue in terms of royalty and profit to the government; and

(d) if so, the details thereof?

MINISTER OF STATE IN THE MINISTRY OF PETROLEUM & NATURAL GAS (SHRI DINSHA PATEL)

(a) The Royalty paid to the Central and State Governments on production of oil & gas during the last three years is as under:

Year	Amount (In Crore)
2003-04	3854.69
2004-05	4904.08
2005-06	6113.38

S.No.	Year	Supply	Demand
1	2007-08	110.99	179.17
2	2008-09	153.58	196.64
3	2009-10	242.47	225.52
4	2010-11	267.09	262.07
5	2011-12	285.42	279.43