From July 1st, export duty on oil to increase by 0.2% o $385.2 per ton

From July 1, the export duty on crude oil will be $385.2 per ton that is by 0.2% more than in June ($385 per 1 ton)

According to the leading expert of the Russian Ministry of Finance Alexander Sakovich, from May 15 until June 14 the average price of the oil made up $107.65952/barrel ($785.9 per ton). Thus, the marginal rate of the export duty on crude oil should be $385.2/ton.