Oil and gas-producing provinces quadrupled their royalty income

The hydrocarbon producing provinces had in April an essential contribution to their revenues from royalties, which increased 282% in pesos in twelve months, due to the combination of payments in dollars, the low base of comparison represented by the first month of complete application of the quarantine and international oil prices, the recomposition of global prices substantially boosted the revenues generated by the sector. Another boost came from the increase in oil production, which with a year-on-year increase of 8.8%, had the first positive variation in thirteen months.

Source: Ámbito