Russian oil export duty lowered to $367.6 per tonne from September 1
MOSCOW. Sept 1 (Interfax) - Russia has lowered the export duty on crude oil by $20.8/tonne to $367.6/tonne effective September 1, 2014, according to data from the Economic Development Ministry.
The export duty was $388.4/tonne in August.
The discounted duty on oil from East Siberia, Caspian fields and the Prirazlomnoye field fell to $176/tonne on September 1 compared to the August rate of $191.8/tonne.
The duty on superviscous oil declined to $36.7/tonne from $38.8/tonne in August.
The duty on light and dark petroleum products, which was unified at 66% of the duty on crude oil, dropped to $242.6/tonne on September 1, from $256.3/tonne in August.
The duty on diesel fuel, with a coefficient of 0.65 from the duty on crude oil, declined to $238.9/tonne as of September 1, down from $252.4/tonne.
The duty on gasoline exports, based on a coefficient of 0.9, fell to $330.8/tonne as of September 1 from $349.5/tonne in August.
For propylene trimers and tetramers, the export duty declined to $23.8/tonne from $25.2/tonne.
The duty for liquefied natural gas (LNG) grew to $221 per tonne from $147.4 per tonne.