MOSCOW, Feb 10 (Reuters) - Russia's government plans to
set a fixed Urals crude oil differential to dated Brent of $20
per barrel for tax purposes, as state oil revenues slumped in
January, industry sources said on Friday.
Russia currently uses Urals price assessments in Europe's
Rotterdam and Augusta ports, provided by commodity price
reporting agency Argus, to determine its mineral extraction tax,
additional income tax, oil export duty and reverse excise on
oil.
According to Russia's Finance Ministry, the average price of
Russian Urals oil in January was $49.48 a barrel down 42% on
January 2022.
(Editing by Hugh Lawson)
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