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Russia’s oil export duty to fall to $52/T in Sept -finance ministry
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MOSCOW (Reuters) – Russia’s oil export duty is set to decline to $52 per tonne in September from $53 per tonne in August, the finance ministry said on Monday, tracking global oil prices.
MOSCOW (Reuters) – Russia’s oil export duty is set to decline to $52 per tonne in September from $53 per tonne in August, the finance ministry said on Monday, tracking global oil prices.
The level of duty is calculated by the finance ministry and based on monitoring of seaborne Urals crude oil prices.
The ministry based the August export duty on prices recorded between July 15 and Aug. 14.
Here are export duties in U.S. dollars per tonne:
September August RICs
Average price for calculation 83.06 84.42
(barrel)
Average price (tonne) 606.40 616.30
Crude oil 52.00 53.00
Light products, middle distillates 15.60 15.90
Gasoline 15.60 15.90
Diesel 15.60 15.90
Naphtha 28.60 29.10
Heavy products 52.00 53.00
Petroleum coke 3.30 3.40
Oil lubricants 15.60 15.90
Propane-butane blend 91.60 102.20
LPG clean fractions 82.40 91.90
(Reporting by Reuters; Editing by David Goodman)
Urals crude oil prices refer to the pricing of Urals blend, a type of crude oil produced in Russia. It is a key benchmark for oil pricing in Europe and is used for calculating export duties.
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