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.

“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.

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.