From May 1st, the export duty on oil in Russia to decrease by 11% to $116.5 per ton

From May 1, 2015, the export duty on oil in Russia will decrease by 11% to $116.5 per ton as compared to $130.8 per ton in April.

According to a leading expert of the Department of Tax and Customs Tariff Policy of the Ministry of Finance Alexander Sakovich, the average oil price for the monitoring period from March 15 to April 14, 2015, inclusive, made up $53.475 per barrel or $390.4 per ton. For comparison, in the previous month, the average price was $58.14975 per barrel or $424.5 per ton.

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