From October 1, export duty on oil to increase by $15.7 to $416.4
Edited by Rhod Mackenzie / 2013-09-16 10:24:57
From October 1st, the export duty on crude oil may decrease by $15.7 per 1 tons to $416.4 per ton, the average monitoring price and formula calculations show. Today the export oil duty is $400.7 per ton.
According to the expert of the Russian Ministry of Finance Alexander Sakovich, from August 15 until September 14, 2013, the average price of the oil made up $1133.41524/barrel ($827.9 per ton). Thus, the Russian Government is likely to set the duty at the level of $416.4 per ton.
