Russian oil export duty to fall $4.8 to $44.8 per tonne on June 1 – Finance Ministry

MOSCOW. May 16 (Interfax) – Russia’s oil export duty will fall by $4.8 to $44.8 per tonne on June 1 from $49.6 at present, according to information posted on the Finance Ministry’s website.

Urals crude averaged at $73.24 per barrel, or $534.6 per tonne, in the monitoring period from April 15 to May 14.

The duty on light petroleum products and oils will fall to $13.4 from $14.8 per tonne and that for dark petroleum products to $44.8 from $49.6.

The duty on commercial gasoline exports will fall to $13.4 from $14.8, while that for straight-run gasoline, or naphtha, exports will be $24.6 against $27.2 per tonne.

The duty on liquefied technical propane-butane gas mixture will rise to $87.2 from $26.9 per tonne, and that on pure liquefied petroleum gas fractions to $78.4 from $26.9.

The duty on coke will be $2.9 per tonne against $3.2.

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