Russian crude oil export duty to rise in June to $16.2/T - finance ministry

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, May 15 (Reuters) - Russia's crude oil export duty is set to increase in June to $16.2 a tonne from $14.4 a tonne in May, the finance ministry said on Monday, 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 June export duty on prices recorded between April 15 and May 14.


Here are export duties in U.S. dollars per tonne: June May RICs Average price for calculation 55.97 51.15 (barrel)
Average price (tonne) 408.6 373.4 Crude oil 16.2 14.4 Light products, middle distillates 4.8 4.3 Gasoline 4.8 4.3 Diesel 4.8 4.3 Naphtha 8.9 7.9 Heavy products 16.2 14.4 Petroleum coke 1.0 0.9 Oil lubricants 4.8 4.3 Propane-butane blend 0.0 0.0 LPG clean fractions 0.0 0.0 (Reporting by Reuters;)

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