13:45 02.02.2015

Russian oil export duty falls $57 to $112.9/tonne

2 min read
Russian oil export duty falls $57 to $112.9/tonne

Russia's oil export duty fell $57.3 to $112.9 per tonne on February 1.

The duty was $170.2 per tonne in January.

The discounted duty on Eastern Siberian oil, oil from Caspian Sea deposits and the Prirazlomnoye deposit is zero from February 1 versus $11.9/tonne from January 1. This is because with the new formula and oil prices falling below $65 per barrel, the size of the duty becomes negative and a zero duty should be set, according to the rules.

The duty on highly viscous oil fell $7.8 to $14.2.

In connection with the approval of a law on the tax maneuver, the duty on light oil products is $54.1 per tonne (from January 1 - $81.6) and dark products - $85.8 per tonne ($129.3 per tonne).

The export duty on straight-run gasoline will be $95.9 per tonne starting February 1 (from January 1 - $144.6 per tonne), and on commercial gasoline - $88 per tonne ($132.4 per tonne).

The duty on liquefied gas will fall to zero, because in accordance with the formula, in a calculation with a price for liquefied petroleum gas (LPG) lower than $490 per tonne, the duty becomes zero, and the average price is currently $385 per tonne. From January 1 the duty on LPG was $48.2.

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