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Belarus raises export duties on crude, petroleum products on March 1

February 28, 2013, 13:45 UTC+3
The export duty on crude oil will grow from $403.3 to $420.6 per tonne
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Photo ITAR-TASS

Photo ITAR-TASS

MINSK, February 28 (Itar-Tass) – Belarus raises export duties on crude oil and petroleum products to the Russian level as of March 1, 2013.

“As of March 1, export duties on crude oil and petroleum products will grow,” the government’s press service told Itar-Tass on Thursday. “This is stated in the Council of Minister’s decree.”

The export duty on crude oil will grow from $403.3 to $420.6 per tonne. A single export rate for light and dark petroleum products, except for petrol, that as of October 1, 2011, totals 66 percent of the crude oil duty will grow from $266.2 per tonne to $277.6 per one tonne.

Belarus sets similar duties on benzol, toluene and xylene.

The duties on propane, butane, ethylene, propylene, butylenes, butadiene and other liquefied gases were reduced from $200.3 to $131.4.

Since 2011 Belarus has been importing Russian oil duty free, but has been transferring to the Russian budget export duties on petroleum products produced from imported hydrocarbons and marketed to third countries.

Belarus transfers export duties from the sale of its own oil (around 1.7 million tonnes a year) to its budget.

In 2012 Belarus transferred to the Russian budget $3.8 billion of export duties on petroleum products produced from Russian oil.

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