{"id":344976,"date":"2020-04-03T09:36:53","date_gmt":"2020-04-03T04:06:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=344976"},"modified":"2020-04-03T09:55:46","modified_gmt":"2020-04-03T04:25:46","slug":"covid-19-oil-producers-knock-govts-door-seek-relaxation-in-royalty-cess","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/covid-19-oil-producers-knock-govts-door-seek-relaxation-in-royalty-cess\/","title":{"rendered":"Covid-19: Oil producers knock govt&#8217;s door, seek relaxation in royalty, cess"},"content":{"rendered":"<p>Domestic oil and gas operators have approached the government seeking a reduction and deferment of royalty, cess and profit petroleum paid by companies to the government, with the Covid-19 pandemic hitting demand and pushing international crude prices to new lows. <\/p>\n<p>In addition, companies batted for a higher gas price compared to the existing $2.39 a million British thermal unit (mBtu), effective from April to September this year. <\/p>\n<p>In a letter to the finance ministry, the Association of Oil and Gas Operators (AOGO) said oil and gas operations are now unviable owing to the higher share of government taxes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Domestic oil and gas operators have approached the government seeking a reduction and deferment of royalty, cess and profit petroleum paid by companies to the government, with the Covid-19 pandemic hitting demand and pushing international crude prices to new lows. In addition, companies batted for a higher gas price compared to the existing $2.39 a million British thermal unit (mBtu), effective from April to September this year. In a letter to the finance ministry, the Association of Oil and Gas Operators (AOGO) said oil and gas operations are now unviable owing to the higher share of government taxes.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-344976","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=344976"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344976\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=344976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=344976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=344976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}