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Russia’s oil export duty may rise to $385 from July 1

June 16, 2014, 13:23 UTC+3 MOSCOW
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MOSCOW, June 16. /ITAR-TASS/. Russia’s oil export duty may increase by $0.2 to $385.2 per ton on July 1, Finance Ministry’s expert Alexander Sakovich said on Monday.

Russia sets export duties based on the average market price of the previous month. The average price amounted to $107.66 per barrel, or $785.9 per ton, in the period between May 15 and June 14.

The reduced duty for oil from East Siberian fields, Caspian shelf deposits and the Prirazlomnoye field in the Barents Sea will increase to $189.4 per ton from April 1 from $189.2 per ton.

The export duty for highly viscous oil will be kept at $38.5 per ton.

The diesel fuel duty will amount to $250.3 per ton, up from $250.2 per ton, and duty for other oil products will be $254.2 per ton against $254.1 per ton. Gasoline duty will be at $346.6 per ton, up from $346.5 per ton.

The liquefied hydrocarbon gas duty will be at $89.6 per ton, up from $86 per ton.

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