Oil export duty to decline to $445.1 per tonne in July, discount duty

Home > Newsroom > Top Stories > Oil export duty to decline to $445.1 per tonne in July, discount duty - $205.8

Oil export duty to decline to $445.1 per tonne in July, discount duty - $205.8

MOSCOW. July 1 (Interfax) - Russia will lower the export duty on crude oil $17 to $445.1 per tonne on July 1, according to a government resolution dated June 22.

The export duty is currently $462.1 per tonne.

The discounted export duty will declined to $205.8 per tonne from $217.5.

The export duty will decline to $298.2 per tonne for light oil products and $207.8 for dark products (from $309.6 and $215.8 respectively).

The prohibitive export duty on commercial gasoline grades and straight-run gasoline (naphtha) will remain in effect at $400.5 per tonne.

The duty on liquefied petroleum gas will decline to $172.9 per tonne from $189.8 currently.