Oil export duty in Russia to go down by $30.8 starting January 1 to $46.7 per tonne

TASS Russian News Agency | Dec 15, 2021 at 12:20 PM

MOSCOW, December 15. /TASS/. Russia's oil export duty will go down by $30.8 to $46.7 per tonne starting January 1, 2022, the Finance Ministry reported on Wednesday.

The average price of Urals crude oil amounted to $75.75205 per barrel, or $553 per tonne, in the monitoring period from November 15, 2021 to December 14, 2021, according to the ministry.

The export duty per tonne will also fall to $14 from $23.2 on light oil products and oils, to $46.7 from $77.5 on dark oil products, and rise to $14 on commercial gasoline from January 1.

The duty on liquefied natural gas and clean fractions of liquefied petroleum gas will total $120.8 and $108.7 per tonne, respectively. The coke duty will amount to $3 per tonne.

The oil export duty currently stands at $77.5 per tonne.