From June 1, export duty on oil may decrease by 5%
Edited by Rhod Mackenzie / 2013-05-15 01:59:07
From June 1, the export duty on crude oil may decrease by $19 per 1 tons (by 5%) from $378.4 per 1 ton in May of 2013 to $359.4 per ton, the preliminary formula calculations, established by law on customs tariff regulations, show, the leading expert of the Russian Ministry of Finance, Alexander Sakovich reported.
According to the monitoring of the Russian Ministry of Finance, from April 1 until May 14, 2013, the average price of the oil of the Urals grade made up $100.39/barrel ($732.8 per ton). Thus, the marginal rate of the export duty on crude oil may be $359.4/ton.
