2 September 2020 Net oil realization stood at USD28.7/bbl (v/s est. Net sales were in line at INR130b (-51% YoY). EBITDA stood at INR59b (v/s est. +26%, -61% YoY), on lower other expenditure. This was primarily due to lower travelling/employee cost, lower statutory levies and cess, and lower feedstock gas prices at Dahej petchem plant. ONGC believes that DD&A; may remain at the same levels but other costs may decline significantly, led by various cost cutting measures. Tax was higher at 45.1% (v/s est. 33.3%), due to further provisioning of Service Tax/GST on Royalty as contingent liability. The matter is listed for hearing in the second week of Sep20 before the Honorable High Court of Rajasthan.