off-the-wire

Russian crude oil export duty to rise in May to $14.4/T - finance ministry

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, April 17 (Reuters) - Russia's crude oil export duty is set to slightly increase in May to $14.4 a tonne from $14.3 a tonne in April, the finance ministry said on Monday, following a rise/decline 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 May export duty on prices recorded between March 15 and April 14.


Here are export duties in U.S. dollars per tonne: April RICs May



Average price for calculation 51.15 50.80 (barrel)
Average price (tonne) 373.4 370.9 Crude oil 14.4 14.3 Light products, middle distillates 4.3 4.2 Gasoline 4.3 4.2 Diesel 4.3 4.2 Naphtha 7.9 7.8 Heavy products 14.4 14.3 Petroleum coke 0.9 0.9 Oil lubricants 4.3 4.2 Propane-butane blend 0.0 0.0 LPG clean fractions 0.0 0.0 (Reporting by Reuters; Editing by Louise Heavens)

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