October 25, 2012 18:58
Russian oil export duty to fall $14.4 to $404.5/tonne Nov 1
MOSCOW. Oct 25 (Interfax) - The export duty on Russian oil will fall by $14.4 to $404.5 a tonne on November 1, according to an order signed by Russian Prime Minister Dmitry Medvedev.
The export duty on oil is currently $418.9 per tonne.
The discounted duty on oil from East Siberia, Caspian fields and the Prirazlomnoye field will be $199.4/tonne on November 1, down $10.7 over October.
The duty on superviscous oil, which is 10% of the duty on oil, will fall to $40.4/tonne as of November 1, from the $41.8/tonne that went into effect on October 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 $267 tonne on November 1 this year, from $276.4/tonne in October.
The duty on gasoline exports, based on a coefficient of 0.9, will be lowered to $364.1/tonne as of November 1, from $377/tonne in October.
The duty on liquefied gas will climb to $192.4/tonne on November 1, from $172.5/tonne in October.
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