Russian Oil Export Duty to Rise 6%

Oil and gas markets experts believe Russia will raise its export duty on crude by 6 percent to $268.90 per ton, while the export duty on will be $193.50 per ton light oil products and $104.20 per ton for heavy products. Industry observers reached this conclusion based on monitoring prices for crude and the law on customs tariffs.

Meanwhile, Finance Minister representative Aleksandr Sakovich told RBK that according to data from monitoring, from 15 February to 14 March the price of crude was $75.52 per barrel. Since 1 March 2010, Russia’s export duty on crude has been $253.60 per ton.

The export duty on crude in February was $270.70 per ton.

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