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Oil export duty in Russia will decline 18% from September 1 — expert

August 17, 2015, 14:10 UTC+3 MOSCOW
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MOSCOW, August 17. /TASS/. The crude oil export duty in Russia will drop by 18% to $109.2 a tonne from September 1, 2015 vs. $133.1/tonne in August, an expert of the Russian Ministry of Finance said on Monday.

The average oil price was equal to $51.1/bbl or $373 a tonne from July 15 to August 14, 2015, Senior Expert of the Ministry of Finance’ Tax and Customs Tariffs Department Alexander Sakovich said. The average oil price amounted to $58.9/bbl or $430.1 a tonne one month earlier, he added.

The preferential oil export duty for certain fields remains at the zero level, Sakovich added.

The preferential export duty on high-viscosity oil will be at $13.7 level in the next month against $17 in August.

The export duty will amount to $92.8 a tonne on naphtha (straight-run gasoline), $85.1 on commercial gasoline, $52.4 on light oil products and lube oils, $82.9 on dark oil products (net of lubes and coke) and $7 on coke. The duty on liquefied petroleum gas (LPG) will be equal to zero, the expert said.

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