Petroleum royalties to rise in Qld budget 

QUEENSLAND has released its budget today, led by treasurer and deputy premier Jackie Trad. While the mining industry received a boon with a year-long freeze in a royalties rise the oil and gas industry will have 2.5% added to its current royalty rate of 10%. 

Petroleum royalties to rise in Qld budget  Petroleum royalties to rise in Qld budget  Petroleum royalties to rise in Qld budget  Petroleum royalties to rise in Qld budget  Petroleum royalties to rise in Qld budget 

Rise of 2.5% to keep to state competitive, part of a review that will drive domgas, govt says

 
This equates to $476 million over four years, the government says, averring this is a comparatively low rate compared to other nations such as Canada.