Export duty for Russian oil increases

Export duty for Russian oil increases

The export duty for Russian oil has increased by $10.4 to $89.5 on February 1 from $79.1 per ton, the Russian Ministry of Economic Development said.

The export duty for heavy oil has grown from $12 per ton in January to $13.9 per ton from February 1.

The duty for export of naphtha from Russia increased from $43.5 to $49.2 per ton, while the export duty for gasoline increased from $23.7 to $26.8.

The Ministry of Economic Development added that the export duty for other light oil products and lubricants increased from $23.7 to $26.8 per ton.