Russian oil export duty to rise $27.9 on June 1 to $144.4 per tonne
MOSCOW. June 1 (Interfax) - Russia's oil export duty will fall by $27.9 starting June 1, 2015, to $144.4 per tonne, Interfax calculated, based on data from the Russian Finance Ministry.
The export duty is currently $116.5 per tonnes.
Finance Ministry expert Alexander Sakovich told Interfax that the average monitoring price between April 15 and May 14 was $62.59048 per barrel, or $456.9 per tonne.
The Russian government is therefore likely to set the duty at $144.4 per tonne.
The discounted duty on Eastern Siberian oil, oil from Caspian Sea deposits and the Prirazlomnoye deposit will again be zero starting on June 1 due to the formula approved in the tax maneuver for the oil industry. This took effect in February, before which the duty had been at $11.9 since January 1. With the new formula and oil prices falling below $65 per barrel, the size of the duty becomes negative and a zero duty should be set, according to legislation.
The duty on highly viscous oil will rise to $18.5 from $14.7.
The duty on light oil products will grow to $69.3 per tonne from $55.9 a tonne, and that on dark products to $109.7 from $88.5 per tonne.
The export duty on saleable gasoline will be $112.6 per tonne, up from $90.8 at present, and that on straight-run gasoline - $122.7 a tonne, up from $99 per tonne.
The duty on liquefied gas will remain at zero.
The duty on coke will rise to $9.3 from $7.5.
