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Belarus to cut export duties of oil, petroleum products to Russia’s level from May 1

April 28, 2014, 19:55 UTC+3 MINSK
In compliance with Russian-Belarusian intergovernmental agreement, Belarus should unify with Russia deadline and export duty rates for oil and petroleum products
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© EPA/WU HONG

MINSK, April 28. /ITAR-TASS/. Starting from May 1, 2014, Belarus will lower to the Russian level the export duties of oil and petroleum products exporting abroad the territory of the Customs Union. The decision to the effect is envisioned by the republican Cabinet of Ministers’ decree made public on Monday, April 28.

Under the document, crude export duty will be decreased from $387 US to $376.1 US per tonne. The export duty of straight-run petrol and retail gasoline will be cut from $348.3 US to $338.4 US dollars per tonne, and duty for light and medium distillates - from $255.4 US to $248.2 US per tonne. The same level of the export duty was established for benzine, toluene, xylene, furnace fuel, lubricants, processed oil products, petrolatum, mineral wax, petroleum coke (exclusive calcinated one) and oil bitumen.

The diesel fuel export duty will be decreased from $251.5 US to $244.4 US per tonne, while the duty of liquefied hydrocarbon gas - from $129.1 US to $88.3 US per tonne.

Since 2011, Belarus has carried out free-of-charge import of Russia’s oil, but transfer to Russia’s budget customs duties for petroleum products made of these hydrocarbons and sold to third countries. Export duties from the sale of Belarus-extracted oil (about 1.7 million tonnes a year) the republic delivers to its own budget. In compliance with Russian-Belarusian intergovernmental agreement, Belarus should unify with Russia deadline and export duty rates for oil and petroleum products.

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