Fossil fuel royalties total $98.7 mn so far this year

Royalties and surcharges from oil and gas production in Peru reached 368 million soles ($98.7 million) in January and February this year, representing a 40% increase from the same period in 2020. The Ministry of Economy and Finance is in charge of paying royalties to regional and local governments in exchange for exploitation of their fossil fuels.

Source: Andina