The export duty on Russian oil will be reduced from November 1

MOSCOW, 17 Oct — PRIME. The average price of Russian Urals oil for the period from September 15 to October 14 was $70.2 per barrel against $72.65 per barrel a month earlier; The duty on oil exports from Russia will decrease by $1.7 from November 1 to $42.7 per ton, follows from the materials on the website of the Ministry of Finance.

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“The average price of Urals oil for the monitoring period from September 15, 2022 to October 14, 2022 amounted to $70.2 per barrel, or $512.6 per ton. According to the calculations of the Russian Ministry of Finance, the export duty on oil in the Russian Federation from November 1, 2022 year will decrease by $1.7 and will amount to $42.7 per ton,” the report says.

Currently, the export duty on oil is $44.4 per ton.

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The duty on light oil products and oils will drop to $12.8 from $13.3 per ton, and on dark ones to $42.7 from $44.4. The duty on the export of commercial gasoline will drop to $12.8 from $13.3 per ton, and straight-run (naphtha) – to $23.4 from $24.4 per ton.

Duty on liquefied gas (SPBT) from November 1 will increase to $96.2 from $90.7, on pure LPG fractions – up to $86.5 from $81.6, on coke – will decrease to $2.7 from $2. $8 per ton.