Oil Export Tariffs in Russia to Rise by 10 Cents

Moscow, May 1 – From May 1, tariffs on oil exports from Russia will increase by a symbolic $0.1 – to $14.4 per tonne, according to data from the Ministry of Economic Development.

The average price of Urals oil, Russia’s main export brand, for the period from March 15 to April 14 was $51.15 per barrel, or $373.4 per ton. A month ago, the price of a Urals barrel was $50.8.

Tariffs on light oil and oil products will be $4.2 per ton, and on dark products, they will increase to $14.4 from $14.3. The duty on the export of commercial gasoline will be 4.3 USD, respectively (naphtha) – 7.9 USD.

Tariffs on liquefied natural gas (LPG) and pure LPG fractions will remain zero from May 1. The duty on coke will be $0.9 per ton.