Russian oil export duty to fall $8 to $396.5/tonne on Dec 1
MOSCOW. Nov 15. (Interfax) - The export duty on Russian oil will fall by $8 to $396.5 a tonne on December 1, from $404.5 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 October 15-November 14 was $108.8687/barrel, so the government is likely to set a duty of $396.5/tonne, based on a coefficient of 0.60.
The discounted duty on oil from East Siberia, Caspian fields and the Prirazlomnoye field will be $193.3/tonne on December 1, compared to the current rate of $199.4/tonne.
The duty on superviscous oil, which is 10% of the duty on oil, will fall to $39.6/tonne as of December 1, from the $40.4/tonne that went into effect on November 1.
The duty on light and dark petroleum products, which was unified to 66% of the duty on crude oil as of October 1, 2011, will fall to $261.7 tonne on December 1 this year, from $267/tonne in November.
The duty on gasoline exports, based on a coefficient of 0.9, will be lowered to $356.8/tonne as of December 1, from $364.1/tonne in November.
The duty on liquefied gas will climb to $197.4/tonne on December 1, from $192.4/tonne in November.