off-the-wire

Russian crude oil export duty to rise to $14.2/T in March - finance ministry

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, Feb 15 (Reuters) - Russia's crude oil export duty is set to rise by 11% to $14.2 a tonne in March from $12.8 a tonne in February, the finance ministry said on Wednesday, following a rise in 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 March export duty on prices recorded between Jan. 15 and Feb. 14.


Here are export duties in U.S. dollars per tonne: February RICs March



Average price for calculation 50.51 46.82 (barrel)
Average price (tonne) 368.7 341.8 Crude oil 14.2 12.8 Light products, middle distillates 4.2 3.8 Gasoline 4.2 3.8 Diesel 4.2 3.8 Naphtha 7.8 7.0 Heavy products 14.2 12.8 Petroleum coke 0.9 0.8 Oil lubricants 4.2 3.8 Propane-butane blend 0.0 21.0 LPG clean fractions 0.0 18.9 (Writing by Darya Korsusnskaya; writing by Vladimir Soldatkin)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.