Export oil duty from Russia to fall by $10
Edited by Rhod Mackenzie / 2015-07-15 02:13:43
The duty for oil export from Russia might fall by $10 from August 1st – to $133.1/ton from $143.1/ ton in July.
The average price of the monitoring from June 15 until July 14 made up $58.924/barrel or $430.1/ton, RIA Novosti reports referring to the expert of the Ministry of Finance, A. Sakovich.
The preferential duty for oil from the Eastern Siberia, Caspian deposits and Prirazlomny deposit was zeroed from February 1st due to the change of calculation of the duty rate in connection with the tax maneuver. These duties, according to the new formula, will stay zero if the average oil price is lower than $65.
