In June, Russia reduces the duty for liquefied hydrocarbons to $86 per ton
Edited by Rhod Mackenzie / 2014-05-19 04:20:52
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In June, Russia reduces the duty for liquefied hydrocarbons by 2.6% to $86 per ton, Reuters reports referring to the Minister of Finance,A. Sakovich. The reduction in the duty for June is presupposed by the fall in the liquefied hydrocarbons’ rates at the global market within the period of April 15th – May 14th 2014, Argus reports.
The liquefied hydrocarbons duty for June is compiled from the average rate within the monitoring period minus the marginal price level of $640 per ton; the result is multiplied with coefficient of 0.6, and $75 per ton is added to the raised index.
Export duty for liquefied hydrocarbons was $129 per ton in April, $169.1 in March, $202.4 in February and $196.5 in January.
