Russian oil export duty to rise $9.8 to $369.2/tonne July 1
MOSCOW. June 17 (Interfax) - The export duty on Russian oil will rise by $9.8 to $369.2 a tonne on July 1, from $359.4 per tonne at present, according to Interfax calculations based on Russian Finance Ministry data.
Finance Ministry expert Alexander Sakovich told Interfax that the average price of monitoring in the period from May 15 to June 14 was $102.64/barrel, so the government is likely to set a duty of $369.2/tonne.
The discounted duty on oil from East Siberia, Caspian fields and the Prirazlomnoye field will be $172.9/tonne on July 1, compared to the current rate of $165.5/tonne.
The duty on superviscous oil will edge up to $36.9/tonne as of July 1, from the $35.9/tonne that went into effect on June 1.
The duty on light and dark petroleum products, which was unified to 66% of the duty on crude oil, will increase to $243.6 tonne on July 1 this year, from $237.2/tonne in June.
The duty on gasoline exports, based on a coefficient of 0.9, will be raised to $332.2/tonne as of July 1, from $323.4/tonne in June.
The duty on liquefied gas will decrease to $45.2/tonne on July 1, from $72.2/tonne in June.
Beginning in April, the new duties on crude oil and refined product are published monthly on the Economic Development Ministry's website and not affirmed in a government resolution, as was the case previously.
