Russia to raise oil export duty to record level
 


19-03-08

Russia will raise its duty on oil exports to a record $ 340.1 per ton on April 1, in line with global market trends.
On February 1, Russia raised oil export duties by $ 58.4 to $ 333.8 per ton against a backdrop of surging global oil prices.

The government adjusts export duty on crude and petroleum products every two months, depending on changes in the Urals blend price on world markets.
Export duties on light oil products will rise to $ 241.4 per ton from April 1 against $ 237.2 in February-March, and duty on heavy petroleum products will grow to $ 130.1 per ton from $ 127.8.

Source: http://en.rian.ru