1 Feb 2019 13:37

Russian oil export duty drops $8.3 to $80.7 per tonne from Feb 1

MOSCOW. Feb 1 (Interfax) - Russia's export duty on oil will decrease by $8.3 to $80.7 per tonne effective February 1, 2019, according to Russian Economic Development Ministry figures.

The duty on high viscosity oil declined from $8.9 per tonne to $8.

The discounted export duty for oil from Eastern Siberia, Caspian fields and the Prirazlomnoye field remain at zero due to the new calculation formula adopted as part of the tax maneuver in the oil industry.

The duty on light oil products and lubricants was reduced to $24.2 per tonne from $26.7 in January, while the duty for dark products fell from $80.7 to $89.

The export duties on commercial gasoline also dropped to $24.2 from $26.7 per tonne and the duty on straight-run gasoline (naphtha) to $44.3 from $48.9 per tonne.

The duties on liquefied gas remain at zero.

The duty on coke decreased to $5.2 from $5.7 per tonne.